Container volumes at non-major ports up 20% CAGR between FY12-17

In comparison, volumes at major ports rose just 2%; almost all the incremental volume was taken up by smaller ports

Container volumes at non-major ports such as Mundra, Pipavav, Hazira and Katupalli have registered a combined compound annual growth rate (CAGR) of 20 per cent to 4.5 million TEUs (twenty-foot equivalent units) between 2012-17 as against a meager two per cent CAGR from 7.7 million to 8.4 million TEUs by major ports in the period under review, Icra said in its report.

Thus, major ports have underperformed in comparison to non-major ports during this period.

Overall, container volumes at Indian ports registered a CAGR of about 7 per cent for the last five years, said Icra research note.

"This under-performance