Answer:
Port plays an important role in the growth of manufacturing and mining sector. Core manufacturing sector like steel, refinery and automobiles are dependent on trade for raw materials and sale of finished products. Logistics cost plays an important role in the cost of production and hence profitability of the business as volumes of material to be transported are huge. The 12 state-owned ports (Kolkata, Paradip, Visakhapatnam, Ennore, Chennai, Tuticorin, Kochi, New Mangalore, Mormugao, Kandla, Mumbai and Navi Mumbai) which look after about 58 per cent of India?s external trade by volume shipped by sea. With rising demand for port infrastructure due to growing imports (crude, coal) and containerization, it will be difficult for public ports to meet demand. This provides private ports with an opportunity to serve the spill-off demand from major ports and increase their capacities in line with forecasted new demand.
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