The partition of India from Bangladesh led to India losing hold over the port of Dhaka. This situation urged the need for an additional port serving the nation from the eastern coast and the Paradip port was established in the year 1966. Lying at the convergence of the Mahanadi River and the Bay of Bengal in the state of Odisha, this deep water port is owned by the Indian government and run by an autonomous body – the Paradip Port Trust.
The Paradip port is an artificial port that was erected over land that was earlier a mangrove swamp. This port works with the support of an autonomous railway and has its own railway station! It also is home to a fully mechanized coal plant that has the capacity to handle approximately 20 million tons of coal every year.
Trade Statistics and its role in Global Trade
The Paradip port is the eight major port of the nation and predominantly serves as a trade gateway to parts of eastern and central India including states Odisha, Chattisgarh, West Bengal, Jharkhand, Bihar and Madhya Pradesh. The port is mainly utilized for the handling of cargo of all natures.
Statistics share that the volume of cargo taken care at the Paradip port during the fiscal year 2013-2014 was 68 million tonnes, i.e. approximately 12.5% of the total cargo handled among the major ports of the nation.
The value of the resources catered through this port is exceptional and the quality is exceptionally higher when compared with other ports.
There is an ongoing project in this port for its expansion in order to enhance its existing capacity to 260.5 MMMT per annum by the year 2023. Also special arrangements and storage space for food grains are part of the port developmental plans.