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Source: Business Standard
Cargo traffic handled by the top 12 major ports grew by 5.68 per cent to 560.68 million tonne (mt) in the just-concluded fiscal against 530.35 mt in 2008-09, indicating revival in exports as the world economy started to recover from the impact of the global financial meltdown.
"Our 12 major ports handled 560.68mt cargo traffic in 2009-10 registering a growth of 5.68 per cent. This shows buoyant growth in our maritime trade coupled with indications of revival in exports," joint shipping secretary Rakesh Srivastava said here today.
He, however, admitted that this growth is 3.5 per cent short of the 580-mt target set by the ministry for the fiscal year.
The 12 state-owned major ports--Mumbai, Jawaharlal Nehru Port Trust, Kolkata (with Haldia), Chennai, Visakhapatanam, Cochin, Paradip, New Mangalore, Mormugao, Ennore, Tuticorin, and Kandla had handled 530.35mt cargo in 2008-09.
Srivastava said though the traffic handled in 2009-10 fell short by 3.5 per cent from meeting the 580-mt target set by the ministry for the fiscal, the growth was satisfactory given the adverse circumstances the maritime trade faced in the wake of the global economic crisis.
The 5.68-per cent growth during the past fiscal, he said, is more than double the mere 2.13 per cent increase in port traffic reported in 2008-09.
The rise in port traffic during the last fiscal was triggered by a 21.02-per cent jump in cargo growth to 78.22 mt, coupled with a 6.25-per cent rise in iron ore traffic, which increased to 102 mt, the joint secretary said.
Most of the commodities handled by these ports reported growth in the last fiscal year, compared with the previous year, barring petroleum, oil and lubricants (POL), which declined by a hefty 37 per cent to 197.21mt, he said, adding container traffic, which was hit directly earlier due to the global financial meltdown grew by 4.32 per cent in the reporting fiscal."
During 2007-08, cargo traffic had grown by 11.94 per cent at 519.15 mt over 463.78 mt in 2006-07.
Cargo traffic handled by the top 12 major ports grew by 5.68 per cent to 560.68 million tonne (mt) in the just-concluded fiscal against 530.35 mt in 2008-09, indicating revival in exports as the world economy started to recover from the impact of the global financial meltdown.
"Our 12 major ports handled 560.68mt cargo traffic in 2009-10 registering a growth of 5.68 per cent. This shows buoyant growth in our maritime trade coupled with indications of revival in exports," joint shipping secretary Rakesh Srivastava said here today.
He, however, admitted that this growth is 3.5 per cent short of the 580-mt target set by the ministry for the fiscal year.
The 12 state-owned major ports--Mumbai, Jawaharlal Nehru Port Trust, Kolkata (with Haldia), Chennai, Visakhapatanam, Cochin, Paradip, New Mangalore, Mormugao, Ennore, Tuticorin, and Kandla had handled 530.35mt cargo in 2008-09.
Srivastava said though the traffic handled in 2009-10 fell short by 3.5 per cent from meeting the 580-mt target set by the ministry for the fiscal, the growth was satisfactory given the adverse circumstances the maritime trade faced in the wake of the global economic crisis.
The 5.68-per cent growth during the past fiscal, he said, is more than double the mere 2.13 per cent increase in port traffic reported in 2008-09.
The rise in port traffic during the last fiscal was triggered by a 21.02-per cent jump in cargo growth to 78.22 mt, coupled with a 6.25-per cent rise in iron ore traffic, which increased to 102 mt, the joint secretary said.
Most of the commodities handled by these ports reported growth in the last fiscal year, compared with the previous year, barring petroleum, oil and lubricants (POL), which declined by a hefty 37 per cent to 197.21mt, he said, adding container traffic, which was hit directly earlier due to the global financial meltdown grew by 4.32 per cent in the reporting fiscal."
During 2007-08, cargo traffic had grown by 11.94 per cent at 519.15 mt over 463.78 mt in 2006-07.
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