Container traffic at the Visakhapatnam Port Trust (VPT) has registered the maximum growth of 11 per cent among 12 major ports during the period April-December 2013 as compared to the corresponding period in 2012. The container terminal handled around 3.7 MT of cargo during the period. The Indian ports sector received foreign direct investment (FDI) worth US$ 1,635.08 million between April 2000 and October 2013, according to the Department of Industrial Policy and Promotion (DIPP).
India's growing port/shipping sector is expected to witness some major merger and acquisitions (M&A) in 2014 as more and more investors are pouring in. Cargo traffic at major ports in India is expected to increase by 4 per cent in 2013-14. Cargo volume swelled up to 567 MT from 545 MT in 2012-2013. A healthy rise in freight volume of petroleum, oil and lubricants and coal is likely to support the growth of the Indian port/shipping industry.