India's ports sector set for major growth with 500-550 MTPA capacity expansion annually by FY2028

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India's ports sector is expected to add 500-550 MTPA of capacity annually between FY2023 and FY2028, driven by POL, coal, and containerized cargo. Major ports handled 819 MMT of cargo in FY24. The sector's infrastructure includes 13 major and 205 non-major ports, strategically positioned to enhance India's dominance in global maritime trade.