Initiative of government to increase sea borne trade

The ministry of shipping report says that more than 95 percent of Indian trade by volume and 70 percent by value is carried by ships . India has 12 major ports and 187 non major ports on both eastern and western side of the coast . The long cost line of more than 7000 miles has given india the status of being the 16 largest maritime country in the world .

To unleash the potential of port and sea borne trade the government of india has initiated the policy of direct foreign investment in the port and harbor infrastructure . The government also has policy of giving 10 year holiday plan to the companies that are willing to invest in the build, operate , and maintain the ports , harbors , inland water ways and inland ports .

The boost investment and development of the country , the government plans to develop 10 coastal economic areas from west coast to east coast to boost the string of ports projects . The government wants to invest at least 10 billion US dollors in the developments of ports in the next five years .

 

Different ports of the country International Parcel Service In Bandra also want to expand and modernize the cargo loading and unloading infrastructure. The ports which are facing major pressure from traffic want to develop new satellite ports so that they traffic can be handles efficiently and load can be reduced at the major ports . The ports also are increasing draft for making it easy for the huge container and cargo ships to come easily inside the port . The development of non major ports will help the country to export and import without putting pressure on the major ports .the development of Delhi Mumbai industrial corridor need major ports with large cargo handlign capability to faster movement of goods and major machinery.

The shipping corporation of india has started the ship purchasing program to boost its fleet that had stagnated due to poor infrastructure of the company . The corporation also wants to purchase the liquified petroleum gas carrier . 

The major companies and corporations Packers And Movers For International In Kandivali in the world engaged in the devrlopent of ports and harbors have shown keen interest in the initiative of the government . The DP world, the forth biggest container port corporation in the world has announced the plans to invest over one billion US dollors in India to increase its business of container port handling .