SIMIC

Of this, the Adani-controlled terminals contributed 444,986 TEU, compared with 457,334 TEU during August. The Mundra complex also includes a DP World-managed concession, known as Mundra International Container Terminal (MICT).

Adani terminals saw a combined transshipment volume of 135,683 TEU in September, up from 116,813 TEU in August.

Total container traffic out of major and government Indian ports last month slipped to 892,000 TEU from 977,000 TEU in August, representing a nine per cent decrease.

Nhava Sheva/JNPT ended September with 481,000 TEU, down from 498,000 TEU, Chennai Port in southern India saw 122,000 TEU last month, shrinking from 137,000 TEU, while at Cochin Port, which houses the country's only dedicated transshipment terminal, volumes edged down to 53,000 TEU from 58,000 TEU in August.

Additionally, Visakhapatnam Port handled just 37,000 TEU last month, as against 48,000 TEU in the prior month, data shows, with other smaller ports in India also reporting volume declines in September, on a month-on-month basis.

Said the Federation of Indian Export Organisations (FIEO): "The headwinds in global trade are equally reflected in the World Trade Organisation forecast for 2023, which has projected growth at one per cent.

"India, being a domestic demand-driven economy, will not be much impacted by these developments though we will not be insulated either," said FIEO.

"While the Russia-Ukraine war is a setback to our exports in the short run, we are looking to increase our exports to Russia once the rupee payment mechanism gets operationalised. As per our study, we can add about US$5 billion in exports to Russia. With Europe maintaining sanctions on Russia, we expect the trade to divert from Russia to India."