Indian Maritime sector leapfrogs to compete with the best in the world
Average Container dwell time for India, as per World Bank’s Logistics Performance Index (I-PI) Report — 2023, has achieved a level of 3 days only as compared to 4 days for countries like UAE and South Africa, 7 days for USA and 10 days for Germany.
The investment made by the country in the Ports and Shipping sector, since 2014, on improvement of infrastructure, under the visionary leadership of Prime Minister Modi, has started yielding results. Very low dwell time at Indian Sea Ports is an outcome of reforms under taken by the country in the shipping sector to enhance port productivity and improve visibility of the supply chain through digitalization.
Focus on improving connectivity to the hinterland through coordinated planning and execution under the PM Gati-Shakti National Master Plan and thrust on public private partnerships in the maritime sector has propelled India to move up to 22nd Rank in the Global Ranking in International Shipments category vis-à-vis the Overall 38th Rank as per country’s Logistics Performance Index score.
Under the visionary leadership of Prime Minister, Narendra Modi, thrust has been on improving Port efficiency and productivity through policy reforms, induction of new technologies and greater Public Private Partnerships. Indian Ports have registered quantum improvement in “Turn Around Time”.
Global comparison of Indian Ports on “Turn Around Time” parameter, as published in World Bank’s Logistics Performance Index (I-PI) Report-2023, acknowledges Indian Ports “Turn Around Time” as 0.9 days which is better than USA (1.5 days), Australia (1.7 days), Belgium (1.3 days), Canada (2.0 days), Germany (1.3 days), UAE (1.1 days), Singapore (1.0 days), Russian Federation (1.8 days), Malaysia (1.0 days), Ireland (1.2 days), Indonesia (1.1 days), New Zealand (1.1 days) and South Africa (2.8 days).
