Shreeji Shipping Global Ltd. IPO

According to D&B Report, the cargo handled at ports in India is expected to grow at a CAGR of 10.80% from 1,540 MMTs of cargo in Fiscal 2024 and to 2,849 MMTs in Fiscal 2030. Further, total cargo handled by ports situated in Gujarat is expected to increase from 317.20 MMTs in Fiscal 2024 to ... 720 MMTs in Fiscal 2030, representing CAGR of 17.50%. India has a vast coastline of 7,516.6 km, supporting the waterways freight movement and coastal economic activities through 12 major ports and 217 minor ports as of as of FY 2024. However, amongst minor port, cargo handling activities in India takes place through 78 Non-Major Ports while others are used for fishing purpose. The major ports fall under the administration of the central government of India and the minor/non-major ports are under the state administration. In terms of number of ports, Gujarat ranks second after Maharashtra and with the one major port name: Deendayal Port (Kandla) and about 48 minor ports. The minor ports in Gujarat, are strategically positioned to support the movement of specialized cargo like coal and minerals. India's logistics sector, one of the largest globally, is vital to the nation's economic growth. It links various economic elements and encompasses transportation, warehousing, and other supply chain solutions ranging from the suppliers to the end-customers. India's logistics industry has experienced a transformative journey, fueled by the liberalization of the economy in the 1990s, which opened doors to increased international trade and foreign investments. With a vast coastline, well-developed ports, and a strategic location, India has become an attractive destination for optimizing global supply chain networks Read more