Wednesday, 4 May 2016

Role of seaborne trade in overall trade in India

India has long coast line of more than 7 thousand kilometers, from west to east. This long sea shore makes it the 16th largest maritime power in the world. The foreign trade of the country moves through ships to different parts of the world. The volume wise about 96 % and value wise about 75 % of trade is done by ships. And this role is going to increase in future. The development of economy is closely linked with the growth of sea trade of a nation .Many foreign companies have Indian seaman operating their ships and containers. 

The government also wants to encourage the growth of shipping industry by give single window clearance to the 100 percent investment in ports and harbor construction and maintenance projects .The government also gives 10 year tax holiday to companies to come and invest in harbor and inland water transport development. The sea trade plays in major role in the prosperity of a nation.

The companies involved in international parcel service take the goods from interior of the country and put them at port for international movement.  The movement to ports is done by road transports. The companies involved in transport of good have their own fleet or they have linked with transporters to help them in parceling service. The international trade in commodities, raw material, vehicles, heavy engineering goods, and agriculture products is conducted through ships. Only few perishable vegetables, horticulture items, and some medicines are transported through air.

The goods are shipped through 12 big ports and 187 non major ports.  The kind of ship, which will be used for the trade, also depends on the nature of product involved in trade. For example, for petroleum products, mostly the chemical tankers are used. These ships have tanker like space for liquid petroleum products. Cargo ships are used for cargo and agriculture products. Containers are used to take containers. Each container may be containing many single items from various parties or companies.

Generally, the International Parcel Service in Kandivali eastern cost is used for trading with south East Asian countries. The west ports are use for petroleum imports from west Asia countries.  The most of the oil importing countries are in the west Asia and separated by only Arabia Sea. The shipping is the only cost effective transport mode to take the energy supply to India.

An important role that shipping trades plays is that it creates job opportunity for millions in direct or indirect form.  The cargo handling at ports is done by freight forward companies, which employ International Movers in Kandivali many people to handle different aspect of cargo handling like import and expert documentations, resupplying the ships with kitchen items, and clearing goods for inland movement to different cities in India.  At every stage in delivery of cargo from a port to a door many persons are involved and all of them depend on sea trade directly or indirectly. 

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