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Role of Ports in Maritime Industries: Submitted To:-Prof. D.N.Maurya
Role of Ports in Maritime Industries: Submitted To:-Prof. D.N.Maurya
INDUSTRIES
SR.N
O.
NAME OF STUDENTS
ROLL NO.
1.
PRASHANT MENON
MBALS014009
2.
NADIM KHAN
MBALS014008
INTRODUCTION
India has 12 major ports and 187 non major ports.
1,052 MMT of cargo traffic were recorded in 2015
It is expected to reach 1,758 MMT by 2017.
India is the sixteenth largest maritime country in
the world, with a coastline of about 7,517 km.
The Department of Industrial Policy and
Promotion (DIPP), Ministry of Commerce and
Industry, reported that the Indian ports sector
received FDI worth US$ 1,637.3 million between
April 2000 and May 2015.
TOPICS TO BE COVERED
1.
2.
GENERATES EMPLOYMENT
3.
MILITARY SHIPS
4.
5.
6.
REVENUE TO GOVERNMENT
7.
8.
DEVELOPMENT OF PORTS
GENERATES EMPLOYMENT
MILITARY SHIPS
REVENUE TO GOVERNMENT
The government sets a tariff plans for all the importer and exporter
which needs to be followed by them in accordance for the payment of
cargo. The tariff plans are set on the basis of two most important
criteria i.e. coastal vessel and foreign going vessel.
DEVELOPMENT OF PORTS
1) Investment
The Indian ports sector received FDI worth US$1,635.40
million between April 2000 and May 2014, according to the
Department of Industrial Policy and Promotion (DIPP), Ministry
of Commerce and Industry.
The ports sector in India were awarded 30 projects in 2013-14
entailing an investment of over Rs 20,000 crore (US$3.32 billion),
marking a threefold increase over the preceding year.
Government initiatives
The Government has allowed FDI up to 100% under the projects related to the
construction and maintenance of ports and harbors.
A 10-year tax exemption has been given to the enterprises engaged in the business
of developing, maintaining and operating ports, inland waterways and inland ports.
Future plans
The Planning Commission of India in its 12th Five Year Plan expects a total
investment of Rs 180,626 crore (US$30.05 billion) in the ports sector.
Visakhapatnam port looks forward to a bright year in 2014-15, as several
development projects are on the verge of completion, and the port expects to
handle 65 MT of cargo during the year.
CONCLUSION
1)
2)
3)