Trading & a process of import-export plays a significant role in expanding a country’s GDP (Gross Domestic Product) and the increasing numbers in GDP makes a country better in economic terms.
Our Shipping Minister, Mr. Nitin Gadkari has recently announced a Maritime Summit in Mumbai on the Investment plan worth Rs. 2 Lack crore. The Government announces that an MoU will be signed with South Korea for the development of port and shipping infrastructure in India.
Our government is making effortless efforts to broaden the shipping industry by launching such projects which is for the betterment of our country. Recently, a very large volume of commercial cargo traffic increase was seen by the 12 major ports of India during April-February Period of the current fiscal. Therefore, government is now keen to make new ports to handle the cargo traffic and increase the existence of shipping in India.
The 12 major ports are Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) which handle approximately 61 per cent of the country's total cargo traffic.
Indian Shipping companies are adding more vessels in their fleet to get the shipping up and running with stream less efforts.
Government has identified over 150 projects under Sagarmala.
Sagarmala aims at promoting port-led development by harnessing the country's 7,500-km long coastline, 14,500-km of potentially navigable waterways and strategic location on key international maritime trade routes. Shipping ministry is also planning to to set up 14 coastal economic zones under its ambitious Sagarmala plan.
Renowned companies like Samsung will manufacture LNG ships in India. The ports in India have contributed well in country’s economical profit worth Rs 4000 crore.
Port and shipping sector has potential to create nearly 40 lakh direct jobs and 60 lakh indirect employment opportunities over the next 5 year.
The Dawn of the shipping industry is never ending, seamless in India which has already providing wonderful career options and will now provide large number of employment.