Monday, 17 April 2017

Country’s major ports rake up record profits

Country’s major ports rake up record profits

The Shipping Ministry has been striving hard (कठिन प्रयास करना) to reduce the turnaround time of ships and adding various non-core commodities to its freight(भाड़ा) basket. This has resulted in 12 major ports raking up record profits of Rs 5000 crore for 2016-17.  These profits in the previous fiscal were Rs 4,000 crore, as mentioned on a national news portal. The traffic at major ports has been steadily(तेजी से) growing, and it reached a record level of 647 million tonnes during FY17.

The growth has been 6.79% compared to 4% of the private sector.
The Shipping Ministry has set a target for a profit of Rs 7,000 crore in 2017-18 said Shipping and Road Transport Minister, Nitin Gadkari.

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