Rotterdam: Union Commerce and Industry Minister Piyush Goyal has outlined India's plan to expand its port capacity fourfold by 2047, highlighting opportunities for collaboration with the Port of Rotterdam in maritime infrastructure, green energy, carbon capture and sustainable trade, ANI reported on Sunday.
Source: ANI, via LatestLY
"Despite doubling our port capacity over the past decade, India still needs more capacity. By 2047, we expect port capacity to double twice over the next two decades to support GDP growth and international trade," Goyal said, according to the ANI report.
Source: ANI, via Daily Prabhat
In a separate interview during the same Rotterdam visit, Goyal said the Port of Rotterdam already has an agreement with Kandla port in India to introduce newer technologies, and that several other Indian ports could establish similar partnerships. He said a customs agreement was already in place and that Indian customs authorities and the Port of Rotterdam were working on digitisation to speed up cargo evacuation and reduce ship turnaround time.
Source: ANI interview, via Indian Economic Observer
Goyal said India could benefit from Rotterdam's experience in developing world-class port infrastructure and improving operational efficiency as it modernises existing ports and builds new facilities, and described India as the world's fastest-growing large economy, according to ANI.