India's economy has the potential to be the fastest growing of the BRIC countries over the next half century. It is predicted that the Indian economy will overtake Italy in 2015, France in 2020, Germany in 2023 and Japan by 2032, in terms of gross size.
With the vast majority of India's international trade moving by sea (90% by volume and 70% by value), development of the country's ports will be critical. The global average of containerisation is 60-70%; India's rate is currently only around 25%, therefore highlighting that the demand for new container ports and inland transport infrastructure is forecast to be particularly strong.
The 2nd GreenPort South Asia Conference will again focus on the sustainable development of ports and terminals but will also look at the need for the infrastructure to keep pace with the development of ports together with investment and finance options and initiatives.