Maritime trade has an important role to play in the Indian Economy with reference to strategic location of India and its position in international trade. According to IBEF, key commodities handled at the Indian ports are petroleum products, coal, automobile, iron ore, engineering goods, chemicals and electronics. According to 300th Report by Department -related Parliamentary Standing Committee on Transport, Tourism and Culture, approximately
95% of the country’s trade by volume and 68% by value is moved through maritime transport.
Therefore, development of Major & Minor Ports and harbours, human resource and finance,
maritime safety issues, training and skill development need to be strengthened. In India, The Ministry of
Ports, Shipping and Waterways has been entrusted with the responsibility to formulate various
policies and programmes on these issues and implement them in an effective and efficient
manner.
Every year, April 5 is celebrated as National Maritime Day to emphasize on the importance of the role of maritime trade in the progress of the Indian Economy.
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