15.32 MMT cargo volume and record train handling signify robust growth and economic demand
Adani Group’s Mundra Port has set a remarkable record by handling an impressive cargo volume of 15.32 million metric tonnes (MMT) in August 2023. This achievement marks the highest monthly cargo volume ever recorded at the port, reflecting its pivotal role in facilitating trade and commerce.
A New High in Cargo Handling
The Mundra Port’s feat is a testament to its efficiency and capabilities as it handled an astounding 1,776 trains during the same period. This remarkable train handling includes an impressive 1,532 container trains, reinforcing Mundra Port’s position as a prominent trade gateway.
Diverse Cargo Growth
The port’s stellar performance can be attributed to the substantial growth in container and liquids and gas cargo volumes. Containers saw a remarkable 27.6% increase, while liquids and gas cargos surged by an impressive 69%.
A Positive Outlook for the Economy
Adani Ports and Special Economic Zone (APSEZ) also reported substantial growth in its logistics business, reflecting the robust demand for cargo services. The logistics sector saw a significant 24% year-on-year growth in Twenty-Foot Equivalent Units (TEUs), reaching an impressive 2,31,689.
General Purpose Wagon Investment Scheme Boost
Under the General Purpose Wagon Investment Scheme (GPWIS) initiated by Indian Railways, cargo handling at Mundra Port witnessed an extraordinary 42% growth, culminating in a total handling volume of 7.37 MMT. This surge underscores the effectiveness of investments in infrastructure and the seamless coordination between rail and port facilities.
A Beacon of Economic Growth
The remarkable growth in cargo volume at Mundra Port serves as a positive indicator for the Indian economy. It reflects a burgeoning demand for goods and services and reaffirms the country’s path towards growth and prosperity. Furthermore, the surge in the port’s logistics business highlights its pivotal role as a thriving hub for trade and commerce.
Adani Group’s Strategic Investments
The Adani Group, a leading port operator in India, operates a diverse range of ports across the nation, including Mundra Port. The group’s strategic investments in ports and logistics infrastructure have been pivotal in achieving this monumental cargo handling milestone.
As the port continues to break records and contribute to India’s economic development, it signifies a bright future for trade, commerce, and economic growth, solidifying its reputation as a cornerstone of India’s maritime and logistical excellence.
