Port traffic in India up by 5.7%

A rebound in economic activity has led to an increase in traffic at major India ports by 5.7% in the April 2009-March 2010 period. Major Indian ports have registered growth in cargo traffic for the eighth consecutive month after August 2009, when the economy started stabilizing. Also in March this year, traffic at major ports was up 2.4% on a yearly basis, which is the highest cargo volume over the last 24 months. According to the latest data compiled by the Indian Ports Association (IPA), traffic at nine of 12 major ports in India registered growth to the tune of 560 million tons in April 2009-March 2010, as against 530 million tons during the same period a year ago. (April 10, 2010)