- Reuters•last year
Mumbai's commercial seaport, which handles over half the container traffic through India's major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse. The expansion, due to be completed in seven years, can't come quickly enough for Avinash Gupta, whose family business supplies steel forgings to Europe and the United States from the industrial hub of Ludhiana in northern India. Gupta pays nearly $800 to a state-run rail cargo company to transport a 20-foot container to Mumbai - as much as 40 times the cost of shipping it onward to the Gulf commercial hub of Dubai.
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Container Corporation of India Ltd.NSE
|52wk Range||1,051.00 - 1,694.00|
|Day's Range||1,400.30 - 1,494.00|
|Avg Vol (3m)||170,508|
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