With 9 pc CAGR, Paradip Port emerges as 'gateway of India's growth'

Bhubaneshwar, Jan. 26 -- Odisha's Paradip Port has emerged as the "Gateway of India's Growth," recording a 9 per cent Compound Annual Growth Rate (CAGR) over the last three years, well above the national average, said P. L. Haranadh, Chairman, Paradip Port Authority (PPA), while unfurling the tricolor during the observance of 77th Republic Day at the Port premises.

The Chairman highlighted that Paradip Port retained its position as India's No. 1 cargo handling Major Port, by handling 150 Million Metric Tonnes (MMT) of cargo in the last financial year. The Port continues to lead in efficiency, with berth productivity nearly double the national average, and handles nearly one-third of India's coastal cargo.

Outlining future plans, he said P...