India is one of the fastest-growing economies in the world. One of the major reasons behind this progress is India’s Maritime Sector. The ports in India serve as a backbone for international trade, coastal shipping and cruise shipping, resulting in the achievement of high trade growth.
Recently, the Ministry of Ports, Shipping and Waterways conducted the 18th meeting of the Maritime State Development Council to devise a national plan for the development of India’s Maritime Sector. This council aims to ensure the integrated development of major and non-major ports.
In the first place, let’s have a brief understanding of India’s Maritime Sector
India is a peninsular country with a long coastline, surrounded by the Indian Ocean and Bay of Bengal. India’s ports are strategically located on the world shipping routes.
These ports are categorised into two parts: Major ports and Non-Major ports and currently, India has 13 major ports. Also, there are around 100 non-functional ports distributed across the coast of India.
Further, it is important to understand that these ports are responsible for handling cargo traffic. In the financial year 2020, the traffic handled at Indian ports is about 1.2 billion MT, which is expected to increase to 2.5 billion MT by 2030.
Follow us on Twitter: https://twitter.com/PBNS_India
Like us on Facebook: https://www.facebook.com/PBNS.India
Follow us on Instagram: https://www.instagram.com/pbns.india/
Join us on Telegram: https://t.me/pbns_india
Follow us on Koo: https://www.kooapp.com/profile/pbns_i…