Sagar mala: A Beacon of Development in the Maritime Horizon of India
Cyril C. George1, J. Rengamani2
1Cyril C. George, Research Scholar, AMET Business School, AMET University, Chennai.
2Dr. J. Rengamani, Associate Professor & Research Supervisor, AMET Business School, AMET University Chennai.
Manuscript received on 05 March 2019 | Revised Manuscript received on 09 March 2019 | Manuscript published on 30 July 2019 | PP: 1183-1187 | Volume-8 Issue-2, July 2019 | Retrieval Number: B1831078219/19©BEIESP | DOI: 10.35940/ijrte.B1831.078219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: India being one of the fastest growing economies in the world, the vital transport system is under pressure and challenges which are to be addressed on a long time perspective. The Maritime Sector has a greater role to play for the overall economic development of the country. Though Indian Ports handle about 95% of EXIM Trade volume, the proportion of merchandize trade in GDP is only 42%, when Germany’s share is 75% and European Union 70%. With new policy initiatives like Make in India programme, the share of merchandize trade in India’s GDP is set to increase considerably. The major role of India’s transportation system is movement of bulk commodities. The thermal coal alone constitutes about 60% of the freight volume on Indian Railways and 24% of Sea Port freight mix. Coal, POL, iron ore, fertilizers and container constitute 80% of the total export import freight movement across the country. The study aims to highlight the Sagarmala Project with regard to Maritime Horizon in India.
Index Terms: Sagarmala Project, Maritime Trade, Commodities, Coastal Trade, Port Sector.
Scope of the Article: Recent Trends & Developments in Computer Networks