Despite the current slowdown, the long-term outlook for the port sector continues to be strong, especially because of increasing demand for coal, containers, crude oil and POL, fertilisers, and steel. The government also has taken into cognizance the issues impacting the sector
Till December 2012, only 82 of the 276 projects for increasing capacity and modernisation at 12 major ports were completed under the National Maritime Development Programme, official data shows. While the government abandoned some projects under the programme, a large number of the total projects have been delayed. Besides, scores of them are still at the planning stage
The government unveiled the Rs 500,000 crore Maritime Agenda 2020 involving expanding port handling capacity of the country to three billion tonne from the existing 617 million tonne (mt) along with various policy reforms in the shipping and ports sector.