India plans a public and private investment of $7.6 billion by March 2017 to create 7 new ports as part of its drive to triple its merchandise exports. India aims to triple its merchandise exports to $750 billion by March 2017 from $225 billion in 2010.
However, growth has been constrained by inadequate investment in the nation's infrastructure. These problems are highlighted by the country's congested ports where cargo handling is painfully slow compared to major ports elsewhere in Asia.
Port projects worth $2.3 billion are currently in progress to upgrade ports capability to 3.1 billion tonne from 963 million tonne in 2010.
