12-01-2023, 10:35 AM
Singapore – Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure.
Most harbours along India’s coast are not deep enough to handle vessels like the Ever Alot, the world’s largest boxship at 400m long and with a capacity of more than 24,000 twenty-foot equivalent units (TEUs).
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India’s biggest state-run container handling facility, Jawaharlal Nehru Port Trust, lacks the 17m draft needed for such vessels to navigate. One facility that has said it can handle the behemoth – Mundra Port, operated by billionaire Gautam Adani’s conglomerate – has so far been skipped.
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Poor shipping connectivity has hindered India’s integration into the global value chain (GVC), according to a Reserve Bank of India (RBI) report in 2022. The country scored 34 per cent in the GVC participation index compared with 45.9 per cent for the 10-member Asean, the RBI said. Vietnam was above 50 per cent in the gauge, according to a separate report.
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Weak infrastructure is undermining Mr Modi’s target to lift the share of manufacturing to 25 per cent of gross domestic product from 14 per cent and increase the nation’s slice in global goods exports to 3 per cent by 2027 and to 10 per cent by 2047, up from 2.1 per cent now.
https://www.straitstimes.com/business/wo...rade-goals
Most harbours along India’s coast are not deep enough to handle vessels like the Ever Alot, the world’s largest boxship at 400m long and with a capacity of more than 24,000 twenty-foot equivalent units (TEUs).
......
India’s biggest state-run container handling facility, Jawaharlal Nehru Port Trust, lacks the 17m draft needed for such vessels to navigate. One facility that has said it can handle the behemoth – Mundra Port, operated by billionaire Gautam Adani’s conglomerate – has so far been skipped.
......
Poor shipping connectivity has hindered India’s integration into the global value chain (GVC), according to a Reserve Bank of India (RBI) report in 2022. The country scored 34 per cent in the GVC participation index compared with 45.9 per cent for the 10-member Asean, the RBI said. Vietnam was above 50 per cent in the gauge, according to a separate report.
......
Weak infrastructure is undermining Mr Modi’s target to lift the share of manufacturing to 25 per cent of gross domestic product from 14 per cent and increase the nation’s slice in global goods exports to 3 per cent by 2027 and to 10 per cent by 2047, up from 2.1 per cent now.
https://www.straitstimes.com/business/wo...rade-goals