In the current fiscal year, India's cargo volumes are expected to grow 6-8% driven by robust expansion in container and coal segments, supported by substantial government investments in transportation infrastructure including roads, ports, and airports, according to a recent ICRA report.

He outlined four key pillars that the ministry is focusing on to improve the cost and ease of doing business: developing port-based industrial clusters, investing in the maritime sector, ensuring successful PPPs, and promoting multi-modal transportation.