speaking at Cochin Shipyard’s listing, Union Shipping Minister said, based on
the improvement in the efficiencies of the major ports, that he expects a good
jump up to 40% in the profits amounting to INR 7,000 crore this year.
year, I am hoping we will make a profit of INR 6,000-7,000 crore," he
Of this, the
minister said he expects up to INR 2,000 crore from the largest container port,
Jawaharlal Nehru Port Trust (JNPT), alone.
there has been a 2.8% increase in the 12 state-run ports' efficiencies compared
to their private sector rivals.
said the major ports' profits are steadily growing ever since the NDA
government took office in May 2014.
reported profits of INR 3,000 crore in FY15, INR 4,000 crore in FY16 and INR
5,000 crore in FY17.
said as soon as the NDA government came to power, it appointed an international
consultant to recommend measures to make the ports of global standard.