Ports & Shipping Sector Overview

India’s Ports & Shipping sector, valued at ₹7.5 trillion in 2023-24, is vital for the country’s trade and logistics infrastructure. With 12 major and 200+ minor ports, it handles over 90% of India’s cargo by volume, making it a key contributor to the economy.

Why Invest in the Ports & Shipping Sector

• Strategic Location: India’s location along major global shipping routes makes it an ideal hub for trade.
• Government Support: The Sagarmala Project and other initiatives aim to modernize port infrastructure and increase efficiency.
• Port Capacity Growth: The sector is projected to expand its capacity to handle over 2 billion tons of cargo by 2035.

Incentives & Schemes

• Sagarmala Project: A ₹8,000 crore initiative aimed at enhancing port connectivity and promoting port-led industrial development.
• PLI Scheme for Ports:: ₹10,000 crore to modernize port infrastructure and improve logistics efficiency.
• Port Development Policy: Focuses on the privatization of port operations and the development of new ports.

Highlights

• Major Ports: India’s major ports handle approximately 60% of the country’s total cargo.
• Shipping Industry Growth: The Indian shipping industry is expected to grow at a CAGR of 8% by 2030.
• Investment: The sector attracted over ₹1.5 trillion in investments in the last 5 years.

Ports & Shipping Sector Data

Category	Details
Market Size (2023-24)	₹7.5 trillion
Cargo Handled (2023)	1.4 billion tons
Major Ports	12 major ports, over 200 minor ports
Sagarmala Project Allocation	₹8,000 crore
PLI Scheme for Ports	₹10,000 crore
FDI in Ports & Shipping	$2 billion since 2000
Port Capacity	Expected to handle 2 billion tons by 2035
Annual Cargo Growth	7% CAGR expected from 2024 to 2030
Investment in Port Infrastructure	₹1.5 trillion invested in the last 5 years
Employment	1 million+ people