New Delhi, Feb. 23 -- India's ports sector is poised for significant growth between Financial Year (FY) 2023 and FY2028, with the sector projected to add 500-550 MTPA (Maximum Torque Per Ampere) of capacity annually, according to a report by Motilal Oswal Financial Services.

The report added that the growth of ports will be driven by an increase in the handling of petroleum, oil, lubricants (POL), coal, and containerised cargo.

India's ports currently manage 95 per cent of the country's export volumes and 70 per cent of its export values, showcasing the sector's critical role in facilitating trade.

With a coastline stretching approximately 7,500 km and 20,275 km of national waterways across 24 states, India's ports benefit from a strat...