Indian infrastructure needs US$150bn

The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.

Some of this money will be provided by the state, although the lion’s share will be sourced from the private sector and will help finance new container terminals at Mumbai, Kandla, Ennore, Chennai and Tuticorin.

A recent report claims that India risks losing out on an additional 1-2% of annual growth because of the current inadequate nature of its transport infrastructure. In addition, handling costs are amongst the highest in the world, accounting for 11% of the total landed cost, which is 5% higher than the global average.