Tepid economic activity slows cargo growth of ports, railways: Report

Subdued economic activity has led to a muted cargo performance of major ports and railways during the April-June quarter of this fiscal.

Major ports clocked only 1.5 per cent growth during the period as against four per cent growth in cargo throughput in the corresponding quarter of FY19. The cargo performance of major ports was lacklustre as liquid cargo comprising crude oil, petroleum products, naphtha and LNG registered a flat increase of only 1.12 per cent. Barring Cochin, none of the major ports could log a double digit growth in their cargo throughput. Growth of ports of Mormugao, New Mangalore, Chennai