Paradip Port Achieves Highest Cargo Handling Status in india

Tags: National News

The Paradip Port Authority in Odisha overtook the Deendayal Port Authority in Kandla to become India's top major port for cargo handling in the fiscal year 2023–2024.

An Overview of the News:

• Paradip Port handled a record-breaking 145.38 million metric tons (MMT) of cargo.

• With a growth rate of 7.4%, this was a noteworthy gain of 10.02 million metric tons over the previous year.

• Paradip Port gained the highest productivity among all major ports in India.

• Observed an increase in berth productivity, which demonstrated operational excellence, from 31,050 MT to 33,014 MT.

• Kept the lowest tariff rates in the nation when compared to all other ports.

• Acted strategically by putting a three-year freeze on cargo handling rates beginning in 2022 as part of its corporate development plan.

History and Administration of Paradip Port:

• The Government of India took control of it in 1965 after it was first founded by the Odisha government in 1962.

• Proclaimed a major port on April 18, 1966, and contributed significantly to the maritime infrastructure of India.

• Functions as a separate entity in accordance with the Major Port Trusts Act of 1963.

• Administered by a Board of Trustees appointed by the Government of India, functioning under the Ministry of Ports, Shipping & Waterways.