The Indian peninsula is strategically located between cargo movements, to and from the European Middle East in the West and the Pacific Asia rim in the East. India has 7,517 kilometres of coastline studded with 12 major and 185 minor or intermediate ports, making the country a significant maritime nation. The development of its shipping industry has been pivotal to the growth of its trade and economy.
With the largest merchant shipping fleet among developing countries, India has an efficient movement of goods and commodities vital to the strengthening of its exports.
Port activity
Ports have grown in stature from being mere points for the loading and unloading of cargo, to becoming indispensable links in the overall infrastructure development of India. In order to address the various problems of the port sector, large-scale privatization or participation on a joint venture (JV) basis has been recommended.
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Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
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