According to the Ministry of Shipping, around 95 per cent of India's trading by volume and 70 per cent by value is done through maritime transport.
India has 12 major and notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. India is the sixteenth largest maritime country in the world, with a coastline sixe about 7, km.
The Indian Government plays an important role in supporting the ports sector. It has allowed Foreign Direct Investment FDI of up to per cent under the automatic route for port and harbour construction and maintenance projects.
It has also facilitated a year tax holiday to enterprises that develop, maintain and operate ports, collien fernandes nude waterways and inland ports. During FY18, cargo traffic at major ports in the country was reported at Indan FY19 traffic has increased 2.
Cargo traffic at non-major ports was estimated at The major ports had a capacity of 1, million tonnes by FY18 end. The Maritime Agenda has a target of 3, MT of port capacity.