Uploaded on Jul 31, 2020
India dredging market is expected to grow at a CAGR of nearly 4.4% during the forecast period. The Indian dredging industry is significantly driven by the increasing demand for dredging from its major and non-major ports. Owing to the recent developments to encourage local manufacturing coupled with the Make in India initiative and the government’s focus for the development of the Indian maritime sector, the dredging sector is gaining significance across the country. India has 12 major ports and nearly 200 non-major ports administered by Central and State Governments, respectively. Indian ports are focusing on handling more cargo with the accommodation of larger vessels and fulfilling global standards in port infrastructure to achieve economies of scale.
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