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VOL. 9, ISSUE 1 (2023)
Enhancing maritime trade in India: An analysis of current challenges and potential solutions through comparative studies
Authors
Gabriel
Abstract
Maritime trade is a crucial aspect of the Indian economy, contributing to its growth and development. However, there are several challenges that need to be addressed in order to enhance the competitiveness of Indian ports and increase the efficiency of maritime trade. In this paper, we examine the various strategies that the Indian government can implement to enhance maritime trade in the country. These strategies include encouraging private sector investment in port development, streamlining regulations and customs procedures, improving port connectivity, developing special economic zones (SEZs), fostering international cooperation, increasing port capacity, promoting trade facilitation, encouraging digitalization, improving labor productivity, promoting environmental sustainability, investing in research and development, encouraging public-private partnerships (PPPs), and encouraging regional cooperation. By adopting a comprehensive approach to maritime trade, India can become a major player in the global maritime trade network and support economic growth and development in the region.
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Pages:149-153
How to cite this article:
Gabriel "Enhancing maritime trade in India: An analysis of current challenges and potential solutions through comparative studies". International Journal of Law, Vol 9, Issue 1, 2023, Pages 149-153
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