SETTING SAIL

Over the past few years, maritime industry has been the centre of focus for the country´s EXIM trade. Indian ports and shipping play a vital role in sustaining the country´s growth in trade and commerce. With a coastline of about 7,517 km, India currently ranks 16th in the world among maritime countries. No surprise then, around 95 per cent of India´s trade by volume and 70 per cent by value takes place through maritime transport. Providing a much-needed shot in the arm to the sector, the revival of the Sagar Mala Project focussed on port-led development is expected to attract a fresh lease of investments. In this article, Infrastructure Today explores this opportunity and brings out differing perspectives from industry experts on the various segments of the nation´s fast-growing maritime industry.