Gujarat’s Non-Major Ports Steer Towards Record Cargo Volumes in 2023-24

27th May 2024

Report : Gujarat’s non-major ports hit record cargo volumes in 2023-24.

Gujarat’s non-major ports have emerged as a bright spot in the state’s maritime sector, recording a stellar performance in cargo movement during the 2023-24 financial year. According to data from the Gujarat Maritime Board (GMB), the state’s nodal agency for ports, these ports handled a record-breaking 4,483 lakh tonnes of cargo, marking an impressive 8% increase compared to the previous year.

This achievement signifies a significant milestone, surpassing the previous high set during the pre-pandemic era of 2019-20, when non-major ports in Gujarat registered cargo volumes exceeding 4,120 lakh tonnes. The growth trajectory is particularly noteworthy considering the disruptions caused by the global pandemic.

Interestingly, a significant portion of this growth can be attributed to the dynamism of private ports within the state. These ports, including those located in prominent locations like Mundra, Pipavav, Dahej, and Hazira, witnessed a remarkable 14.4% surge in cargo volumes during 2023-24. This translates to a staggering 2,475 lakh tonnes of cargo handled by private ports, compared to 2,163 lakh tonnes in the previous year.

Further analysis reveals a healthy balance between exports and imports handled by these private ports. Exports witnessed a growth of 19%, reaching 685 lakh tonnes in 2023-24 from 575 lakh tonnes the year before. Imports also displayed positive growth, rising by 13% to touch 1,790 lakh tonnes from 1,588 lakh tonnes in the previous financial year.

Experts attribute this growth to several factors. Firstly, strategic investments in infrastructure development at these ports have enhanced their capacity and efficiency. Upgraded berths, improved cargo handling facilities, and deeper drafts have allowed larger vessels to dock, facilitating faster turnaround times and increased cargo movement.

Secondly, Gujarat’s strategic location on the western coast of India positions it advantageously for international trade. Its proximity to key markets in the Middle East, Africa, and Southeast Asia makes it a preferred gateway for cargo movement.

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Thirdly, the state government’s focus on promoting ease of doing business has played a crucial role. Streamlined procedures, reduced regulatory hurdles, and initiatives like setting up Special Economic Zones (SEZs) have attracted a wider range of industries and businesses to set up base in Gujarat, further propelling cargo movement through these ports.

Looking ahead, the outlook for Gujarat’s non-major ports remains positive. Continued investments in infrastructure, coupled with the state’s focus on fostering a business-friendly environment, are expected to attract further investments and trade activities. Additionally, the potential development of dedicated coastal shipping corridors along the Indian coastline could further enhance the efficiency and competitiveness of these ports.

Conclusion

The record-breaking cargo volumes achieved by Gujarat’s non-major ports in 2023-24 illustrate the state’s growing significance as a maritime hub. Not only does this performance contribute to the state’s economic growth, but it also positions Gujarat as a key player in India’s overall maritime strategy. As the sector continues to evolve, Gujarat’s non-major ports are well-positioned to capitalize on future opportunities and further solidify their position as vital gateways for international trade.

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