Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www-business-standard-com-nalsar.knimbus.com or the Business Standard newspaper
As late as the mid-1990s, India’s ports were seen as having an inadequate capacity to cater to a rapidly burgeoning economy, as well as being considered frustrating choke points in the logistics chain. The 1996-97 Union Budget document stated, “A major problem with ports is the mismatch between existing capacity and the demand for traffic.”
As against the total capacity of 217.3 million tonnes on March 31, 1997, major ports (in those days, practically all owned by the government) handled 227.3 million tonnes, resulting in pre-berthing delays and unacceptable ship turn-around times. Moreover, shipping lines constantly complained about lethargic and inefficient operations, whilst importers and exporters chafed at unduly long clearing times.
But, voila, turn to 2021, and what do we see?
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.