March 4th 2025.
The Paradip Port, located in Bhubaneswar, has been recognized as the top performer in bulk cargo handling in the 5 MMT category for the financial year 2023-24. This is a highly prestigious achievement and speaks volumes about the port's overall performance. The news was announced by port officials on Monday, stating that the Deputy Chairman of Paradip Port Authority, Nilabhra Dasgupta, received the award at a Post-Budget Industry Meet in Mumbai. The event focused on the transformative impact of the Viksit Bharat Budget 2025 on India's maritime sector.
The award, known as Sagar Aankalan, is part of the Logistics Port Performance Index for the fiscal year 2023-24. It is a major step towards improving the efficiency and global competitiveness of India's maritime sector. This recognition is a significant milestone in establishing India as a maritime powerhouse, contributing to the country's vision of Atmanirbhar Bharat and a developed nation by 2047.
PPA Chairman PL Haranadh extended his heartfelt congratulations to the entire team at PPA for this remarkable achievement. He believes that this recognition will inspire the team to achieve even greater success and contribute to the overall growth of the country. The Paradip Port has had an exceptional year, becoming the fastest in the history of Indian major ports to handle 136.25 MMT of cargo by the end of February, despite facing challenges such as a decline in iron ore export demand and thermal coal trade. The port is on track to achieve an all-time record in cargo handling for the current fiscal year.
This impressive growth can be attributed to various system improvement measures implemented by the port. For instance, the coastal thermal coal handling, which makes up around 30% of the total cargo volume, has shown a growth of 4.65%. The containerized cargo volume has also seen a remarkable increase of 175.58%, and the volume of gypsum and flux has surged by 2.86% year-on-year in the current fiscal year.
The Paradip Port's commitment to operational excellence, combined with strategic improvements in cargo handling, has solidified its position as a key player in meeting the growing demands of various industries. It has also emerged as a leading coastal shipping hub in the country. This recognition is a testament to the port's dedication towards achieving excellence and contributing to the growth and development of the nation.
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