Container Port Performance Index (CPPI) 2023:
India’s port development program received a major boost as 9 ports from India were included in the Global Top 100 for the first time in the Container Port Performance Index (CPPI), 2023.
- The credit for this achievement has been given to the Sagarmala programme which has focused on the modernisation of the ports and improving their efficiency.
Key Highlights of the CPPI 2023:
- It is a global index developed by the World Bank and S&P Global Market Intelligence. It measures and compares the performance of container ports around the world.
- The index ranks 405 global container ports by efficiency, focusing on the duration of port stay for container vessels.
- Its primary aim is to identify areas for enhancement for the benefit of multiple stakeholders in the global trading system and supply chains, from ports to shipping lines, national governments, and consumers.
- In the CPPI 2023 rankings, Yangshan Port in China is first, followed by the Port of Salalah in Oman. The Port of Cartagena is third, and Tangier-Mediterranean is fourth.
- Visakhapatnam Port jumped from 115 in 2022 to 19 in the 2023 rankings, becoming the first Indian port to reach the Global Top 20.
- Mundra Port also improved its position, rising from 48 last year to 27 in the current ranking.
- Seven other Indian ports, which secured ranks in the top 100, are Pipavav (41), Kamarajar (47), Cochin (63), Hazira (68), Krishnapatnam (71), Chennai (80) and Jawaharlal Nehru (96).
