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Strategic Analysis and Performance Benchmarking Assessment of the Ports Sector in India
Frost & Sullivan, July 2010, Pages: 199
The study provides a strategic analysis of Indian port sector's growth in revenues and capacity and evaluates its performance against three global leading ports. The study elaborates the historic growth and forecasts for the capacity, traffic and revenues for the overall port sector, with a special emphasis on major ports. The study also provides a comparative analysis of major ports amongst themselves, on various parameters such as financial performance, capacity, traffic, handling efficiency, and productivity. The study covers various development projects being undertaken by the Government to develop the port sector in India.
This Frost & Sullivan research service titled Strategic Analysis and Performance Benchmarking Assessment of the Ports Sector in India provides the current capacities, handling performance, and traffic forecasts for Indian ports along with the key market drivers and restraints. In this research, Frost & Sullivan's expert analysts thoroughly examine the infrastructure development at Indian ports as well as traffic at ports; provide performance efficiency comparison among Indian ports, and benchmark Indian ports against leading international ports.
Indian Ports Sector on an Upswing, Driven by Innovative Manufacturing and Power Projects and a Rise in Containerized Trade
The Indian ports sector is poised for significant growth due to new manufacturing and power projects and greater cargo traffic at ports. Increase in containerized trade coupled with the Government’s active initiatives to develop the Indian ports sector, is expected to further boost the growth. Although the ports in India have shown considerable improvement over years, benchmarking them against the ports in Hong Kong, Los Angeles, and Rotterdam reveals that there needs to be marked improvement in many parameters to get Indian ports at par with international standards.
“The commissioning of multiple innovative power projects based on imported coal and the setting up of steel projects and offshore exploration and production projects are likely to drive the Indian ports sector,” says the analyst of this research. “Additionally, the government has been promoting public-private participation in the ports sector on a build-operate-transfer (BOT) basis, thereby stepping-up capacities and traffic handling at ports, besides enhancing their efficiency.” The Indian Government prioritized the expansion and modernization of ports as part of its five-year plan initiatives in 2007. It has been instrumental in redefining the role of ports from mere trade gateways to integral parts of the global and logistics chain.
Indian Government Must Work More Proactively to Implement Port Infrastructure Development Plans
Several major ports in India lack sufficient draft for large crude tankers. Large vessels are berthed at Colombo, Singapore, or Dubai, and cargo is shipped to India later in smaller vessels, thereby escalating the freight cost. Additionally, all leading ports such as Mumbai, Jawaharlal Nehru Port Trust (JNPT), Visakhapatnam, and Mormugao handle more cargo than their designed capacities, further contributing to congestion and resulting in a longer turnaround time. “Weak hinterland connectivity is a challenge for most Indian ports, reducing accessibility,” explains the analyst. “Despite investments from the private sector that are encouraging the modernization and development of ports, infrastructure continues to be a major issue in India.”
The Committee of Infrastructure constituted a Committee of Secretaries to recommend time-bound identification and complete connectivity projects to successfully address issues regarding port connectivity. “Several projects are underway for the deepening of drafts at major ports as a part of the national maritime development program,” concludes the analyst. “The government should work more proactively towards the execution of these plans for developing port infrastructure.”
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