India sees US$ 25 billion investment in port, shipping

India expects to double port capacity to 1,500 million tonnes by 2011-12 and would require Rs1 trillion ($25 billion) investment in the port and shipping sectorsThe port sector would need investments worth Rs550 billion while shipping and inland waterways would need Rs450 billion by 2015.India’s Planning Commission estimates that the infrastructure sector will require investment of $500 billion between 2007-08 and 2011-12, which is key for the economy to sustain an average 9% growth.