Ports Equipment Market in India to Touch $1 Billion by 2025: Quantifying Emerging Business Opportunites for Ports Equipment Manufacturers - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Ports Equipment Market in India to Touch $1 billion by 2025: Quantifying Emerging Business Opportunites for Ports Equipment Manufacturers" report to their offering.

"Demand Outlook for Ports Equipment Market in India by 2025: Quantifying emerging business opportunity for ports equipment manufacturers' as government aims to increase country's port capacity from 1,400 million tonnes to 3,000 million tonnes by 2025" aims to comprehend and layout, how Governments' plan to double port capacity augurs well for the port equipment manufacturers like Kone Cranes, Liebherr, Cargotec etc.

The maritime sector in India finally got much awaited shot in the arm from Government of India's intent to accelerate development of maritime sector. In the recently organized Maritime India Summit 2016, Prime Minister of India announced commitment of over RS. 100000 crore (-$15 billion) to transform the maritime sector.

The $15 billion port development plan, called Sagarmala, aims to facilitate the upgradation of the Indian ports and integrate them with the special economic zones (SEZs), ports based smart cities, industrial parks, warehouses & logistics. The port development programme will feature 250 projects, with investment opportunity in the Maritime Sector, including different infrastructure development opportunities in 12 major ports projects in eight maritime states and other agencies. As part of the initiative government aims to increase country's port capacity from 1,400 million tonnes to 3,000 million tonnes by 2025.

Blessed with 7517 km stretch of coastline and over 14500 km of navigable inland waterways, sea-route was the untapped potential in the multi-modal transportation facilities in India. Sagarmala initiative, is hinged on four strategic levers, optimizing multi-modal transport to decrease the cost of domestic cargo, reducing the time and cost of export-import cargo logistics, lowering costs for bulk industries by locating them in the vicinity of the coast, and enhancing export competitiveness by locating discrete manufacturing clusters near ports. The Sagarmala port development programme is anticipated to pave the way for annual logistics cost savings of around $5.25bn and is projected to enhance India's merchandise exports to $110bn by 2025.

The programme is also expected to generate approximately ten million jobs. However, success of the program is also hinged on the private participation that the program would see and given the success of PPP in the sector, it's only inevitable that the private sector will participate to its full potential.

Key Topics Covered:

1. Executive Summary

2. Approach & Methodology

3. Ports in India

4. Ports Equipment Market Landscape

5. Analysis on level of Mechanization across different ports in India

6. Key issues & challenges across different ports in India

7. Current Market for ports equipment in India

8. Proposed & Planned capacity expansion by different ports in India

9. Key Government Initiatives

10. Evaluating what doubling of port capacity means for demand for ports equipment

11. Detailed Company Profile of key OEMs

- Cargotec

- Godrej MHE

- Kone Cranes

- Liebherr

- Sany

- Terex

For more information about this report visit http://www.researchandmarkets.com/research/tkkqnw/ports_equipment

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Ports and Harbors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Ports and Harbors