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Shipping & Ports Sector in India
India’s Transportation & Logistics sector is large and diverse; it caters to the needs of 1.2 billion people. The Indian transportation & logistics sector is increasingly attractive to foreign and domestic operators as well as strategic and financial investors.
Ports: Ports in India play a vital role in the overall economic development of the country. About 95 per cent by volume and 70 per cent by value of the country's international trade is carried on through maritime transport. India has a total of 187 minor ports and 13 major ports spread across the nine maritime states. According to the Planning Commission, the capacity of Indian ports will have to nearly double to 2,302 million tonnes (MT) over the next five years to be able to handle the fast growing cargo traffic. Shipping: As on 1 January 2012, India had a fleet strength of 1,122 ships with Gross Tonnage (GT) of 11.06 million. Though India has one of the largest merchant shipping fleets among developing countries, it is ranked eighteenth in the world in terms of Dead Weight Tonnage (DWT) with a share of only 1.09 per cent as on 1 January 2011. In comparison, China is ranked ninth with a share of 3.78 per cent. IS Advisors takes you through the impact analysis of Union Budget 2013-14 on the Industry in this report. The report provides useful and comprehensive information about the industry expectations from the budget, proposed measures in the budget and their impact on industry and its players. SCOPE OF THE REPORT • Industry at a glance • List of key Budget expectations • Analysis of the various budget provisions affecting the industry • Summarize impact on key players of the industry For more information kindly visit : http://www.bharatbook.com/marine-and...t-2013-14.html |
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