Business
June 14, 2023
3 min

Indian ports, surging ahead - BusinessLine

India has moved up to 22nd place in international shipments category in the World Bank's Logistic Performance Index (LPI) Report 2023, an improvement from the 44th position in 2018. The country has also earned the 38th rank in the overall LPI score. The report attributed the reasons for the vastly improved performance to substantially quicker dwell time and the best turnaround time by Indian ports. The achievement was due to a sizeable investment made in ports and shipping infrastructure upgrades, resulting in 86% increased capacity and 150% increased operationalisation of PPP projects, while almost 300 MMT extra capacity was added during this period. 

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry