India, March 6 -- India's aspiration to become a developed nation hinges significantly on enhancing its port infrastructure, which is pivotal for trade and commerce. Ports are the backbone of India's trade, handling over 90% of the country's trade by volume and around 70% by value. Their strategic importance cannot be overstated; modernised and efficiently operated ports can significantly enhance export potential while reducing logistics costs especially when India's logistics costs account for 13-14% of Gross Domestic Product (GDP), significantly higher than developed countries like the United States (US) and Germany, where it is around 8-9%. This directly contributes to India's GDP growth, positioning the country as a formidable player ...