Posted on August 28, 2023
- The Indian ports and shipping sector is witnessing rapid expansion, which is boosting the need for dredging in India. At present, the total dredging market stands at 121 million cubic metres (mcm). Of this, the dredging market for major ports is estimated to be approximately 80 mcm.
- In the coming years, most major ports are expected to deepen and widen their navigational channels to draw deep draught vessels, which will open up opportunities for dredging players. A parliamentary committee has also recommended increasing the draft depth of all ports under the Sagarmala Programme, as per their respective cargo profiles, to handle larger vessels. The development of new greenfield ports will also drive the demand for dredging.
- Recently, the state-owned Dredging Corporation of India signed an agreement with the Inland Waterways Authority of India to undertake dredging works at the Dhansiri, Barak, Kopili and Brahmaputra rivers. It is also expected to foray into the foreign dredging market.
- Moreover, there is a growing focus on waste-to-wealth in the sector, and the Ministry of Ports, Shipping and Waterways recently issued an addendum to the Dredging Guidelines of Major Ports 2021 in this regard. The beneficial use of dredged material in dredging projects is expected to bring down the cost of dredging and ensure environmental sustainability.
- The mission of this conference is to discuss the recent trends and developments in the sector, highlight the experience of key players, and identify unresolved challenges. The conference will also focus on strategies and solutions to meet future dredging requirements and showcase noteworthy projects, technologies and equipment.