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India’s goal to become a global manufacturing hub and an export powerhouse rides a lot on the health of its ports. With a vast coastline of more than 7,500 km, ports on the western and eastern seaboard anchor India’s aspirations for rapid economic development and diversification. At a time when Indian businesses are aiming at exports worth $900 billion during FY24, ports will act as the gateway to the country’s economic aspirations of becoming a $5 trillion economy by facilitating the movement of raw materials, finished products, and other commodities.
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