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Ship turnaround time has improved in Indian ports says Prime Minister
Prime Minister Narendra Modi said India has outpaced several developed nations in ship-turnaround time
Mr.G.Chandrasekar Jan 18 2024 Indian Ports News

Ship turnaround time has improved in Indian ports says Prime Minister

Prime Minister Narendra Modi said India has outpaced several developed nations in ship-turnaround time, while emphasizing the country's proven potential and standing in global trade.

He recalled that just a decade ago, ships had to wait for a considerable amount of time at the ports, and unloading took a very long time. Today, the situation has changed.  India has surpassed many developed nations in terms of ship-turnaround time, he said.

Prime minister made these remarks while dedicating projects worth Rs 4,000 crore to the nation, including crucial strategic initiatives at Cochin Shipyard Limited. These projects would accelerate the development of the southern region of the country, he contended.

"The World is recognizing India's potential and position in global trade," Modi said, referring to agreements made during India's G20 Presidency regarding the Middle East-Europe Economic Corridor. Middle East-Europe Economic Corridor will further strengthen and give a boost to the economy of the coastal regions (Gujarat and Maharashtra).