You are here

Botched rules dash India's dream of becoming shipping hub

Ministry's March 7 notification imposes conditions that will end up hindering growth of Indian ports, observers say

BT_20160328_CPTRIP_2188645.jpg
India has 12 major and 187 non-major ports, with cargo traffic recorded at 1,052 million tonnes in 2015, according to the shipping ministry.

Washington

GIFTED with a 4,700-mile (7,564km) coastline, India for years has wanted a world class shipping hub that could compete with regional star Singapore. When the time came this month to help make that dream a reality, policymakers may have botched it up, analysts say.

In the

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom