The Ministry of Ports, Shipping, and Waterways has marked a groundbreaking year with a series of initiatives aimed at propelling India's maritime sector into
Efficiency becomes particularly salient when applied to logistics. For logistics, efficiency translates into reduced costs, which have far-reaching implications for a country s economy. Lower logistics costs mean more efficient trade and transportation, reducing consumer prices and heightened business productivity. Countries with streamlined logistics can gain a competitive advantage in the global market, making their products and services more attractive due to lower costs.
New Delhi: The cargo handling capacity of the major ports of the country has gone up to 1617.39 Million Tonnes Per Annum (MTPA) as of March 2023, the Minister of Ports said on Friday.
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