New Mangalore Port to handle all time high cargo traffic by this financial year end

New Mangalore Port has posted 9% growth in traffic in July in 2023-24 and is expected to handle an all time highest cargo by the end of this financial year. These details were revealed by Union Minister of State for Ports, Shipping, Waterways and Shipping Sripad Yesso Naik. Rapid industrialisation in Coastal Karnataka with improved connectivity across the Western Ghats will translate into better business for the port in the coming days. The port is projected for better growth in the coming years with implementation of infrastructure upgradation initiatives including construction of a new deep drafted berth No. 17 and a fishing harbour at Kulai. Speaking at the Karnataka region curtain raiser of Global Maritime India Summit (GMIS), 2023, at the New Mangalore Port Authority (NMPA), the Minister said that the performance of ports can determine trade competitiveness of an economy. The Indian maritime sector has seen rapid strides in ‘ease of doing’ business supported by digital transformation of port operations. The New Mangalore Port has the strategic advantage of being a port with one of the highest capacities of over 105 million metric tonnes serving as a gateway to the booming state of Karnataka.