Paradip Port Trust (PPT), which has been focusing on promoting competition and
bringing down costs to users, is looking at 17 per cent growth in cargo
handling -- touching 120 million tonnes (mt) in 2018-19, according to a top
big on the ongoing capacity-building projects and upcoming industrial parks
along with Multi-Modal Logistics Parks, which are expected to boost cargo flow,
the leading dry-bulk handing port in the Country remains bullish on achieving
significant growth in its revenue, the official said.
goal for the current fiscal is to become the number one port in the Country
overtaking Deendayal Port (located on the Gulf of Kutch in Gujarat). On the basis
of current trends in cargo handling, we are looking at a 16-17 per cent growth
in the current fiscal. Cargo handling should reach around 118-120 mt in
2018-19," Paradip Port Trust Chairman Rinkesh Roy said recently.
on the Eastern Coast, has taken "positive strides" in terms of growth
in cargo handling in the last three-four years and it had handled 102 mt of
cargo in the last fiscal, achieving a growth of about 15 per cent.
main focus has been on getting higher volume of cargo and our topline has
improved significantly. We clocked close to Rs 1,500 crore of revenue in
2017-18 with all income put together. If we are able to touch 118 mt cargo
handling, the topline would be to the tune of Rs 1,750-Rs 1,800 crore," he
the port rates have not been revised from 2012-13 onwards and would continue to
be the same till 2019-20. While other ports had hiked their rates, Paradip Port
has kept its rates steady.
introduced a fair degree of competition. There were anti-competition activities
which we were able to sort out.
is one of the few ports where the cost to the customers came down by 30-40 per
cent from 2012-13 to 2017-18. For example, the companies which have been
importing coal had incurred a cost of around Rs 600-650 per tonne in 2012-13
and that has come down to Rs 250-280 a tonne. The cost of our services came
down through better efficiencies," Roy said.
according to its Chairman, remains focused on its laid-down strategy because
its competition is "not only limited to Dhamra and Gopalpur Port (in
Odisha) but also Gangavaram Port" located in Andhra Pradesh.
has also made progress in setting up a Multi-Modal Logistic Park (MMLP) with
the Container Corporation of India (Concor), a public sector unit under the
Ministry of Railways, and also an industrial park covering about 600 acres of
have plans to set up the MMLP with Concor and we have given 100 acres of land
to them. Concor will be floating a tender shortly and the work should start
from June for setting up the park, Roy said. The port has also allotted 277
acres of land to industries, out of 600 acres, for the industrial park.