GUJARAT PIPAVAV PORT SMOOTH SAILING ALL THE WAY

The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce domain. India is the sixteenth-largest maritime country in the world with a coastline of 7,516.6 km. The country has 12 major ports and 200+ notified minor and intermediate ports. The National Perspective Plan for Sagarmala aims to develop six new mega ports. India’s key ports had a capacity of 1,598 million tonnes per annum (MTPA) in FY22. From April-October 2022, the key ports in India handled 446.50 million tonnes (MT) of cargo traffic.

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HERE IS WHY

In FY23 (until September 2022), merchandise exports reached USD 231.88 billion. India has plans to invest USD 82 billion in port projects by 2035. This presents a huge opportunity to invest in port companies and hence our low-price scrip for this issue is Gujarat Pipavav Port Ltd., which was incorporated on August 5, 1992 to construct, operate and maintain an all-weather port at Pipavav, District Amreli in Gujarat. The port is designed to handle bulk, container, liquid cargo and RORO (roll-on, roll-off) and to provide port services such as marine facilities, material handling and storage operations.