News / India's private ports seeing a gradual slowdown of cargo volumes

Ship at Mundra port © Druid007

India’s private ports, which had set their sights on solid growth in the current fiscal year, are seeing a “sequential moderation” in cargo volumes, new port data suggests.

The country has about 200 of these minor ports along its 4,600 miles of coastline, which are free to determine their tariff rates, unlike terminals at government-controlled major ports under the rubric of a regulated pricing mechanism.

A majority of the busier non-government cargo terminals are owned and operated by Adani Group.