Gujarat-based Mundra port overtook Chennai port to become the countryÂ’s second biggest container gateway in 2012-13.
The Gautam Adani-operated Mundra port loaded 1.57 million standard containers in fiscal 2013. The number one spot in this cargo category has been held for a long time by union government-controlled Jawaharlal Nehru port near Mumbai that handled 4.26 million standard containers in the same period.
Of the total cargo handled by Mundra in 2012-13, one-third consists of coal, containers and liquid cargo.
One of the reasons for the success of Mundra port is that it does not come under the purview of TAMP and has the freedom to set its own rates.
This is because it is a port owned by the Gujarat government but given to Adani Ports and Special Economic Zone (APSEZ) for development and operation on a 30-year contract. Another reason for the success of Mundra port is its strategic location.
The countryÂ’s biggest private port handled 82 mn t of cargo in 2012-13, up from 64 mn t a year earlier. By the end of March 2014, cargo volume at Mundra port is expected to exceed 100 million tonne (mn t), reports suggest. Mundra is one of the two Indian ports that is listed, the other being Pipavav port, also in Gujarat.