Sea Ports-Towns-International Trade in India

A foreign exchange reserve brings credit to any country which can be achieved through exports. When the imports dominate the exports the reserves decline.

The sea ports are the key factor for the foreign trade. Unless a viable number of vessels are there, the imports may cost us more and the exports may reach the destination lately.

Sea Ports in India:

The Indian sea ports play a vital role in the volume of coastal and foreign trade for handling the ships and their cargoes. Major part of the exports and imports is done through those ports.

There are 12 major sea ports in India. Out of which 6 are on eastern side and another 6 are on western side.

Apart from them, nearly 140 operable minor ports are there. The major ports are governed by the Government of India under "Major Port Trust Act", while the minor ports are administered by the respective state governments.

Importance of the Mumbai Port:

Mumbai port is the largest among all ports in India. It is centrally located on the west coast. Mumbai, being the commercial capital of India and a great industrial centre has the facilities of easy export of manufactured goods and import of raw materials.

Well developed rail, road and air network is there in and around Mumbai connecting the interior parts of the country. Moreover Mumbai is well protected and silt free harbor. The raw materials like cotton, oilseeds, food grains, minerals etc are extensively produced from its hinterland. It is the nearest port of Europe, North America and West Asia (Gulf).

Visakhapatnam Port:

Visakhapatnam is a developed well industrial centre of A.P. It has one of best and well protected natural harbors in India. It has a land locked harbor along the Andhra Pradesh Coast. Arich hinterlands is spread in the states of Andhra Pradesh, Chattisgarh, Madhya Pradesh, Maharashtra and Orissa which are rich in agricultural produces like rice, tobacco, sugar, jute, oilseeds, timber etc. The port is well connected by road ways and railways.

It occupies the third place in handling a high sea borne trade. The items like iron ore, leather goods, timber, oilseeds, cotton, turmeric, manganese, tobacco etc are exported from this port.

Indian Foreign Trade:

Foreign trade is the trade made by a country with the other countries in the world in the matter of exports and imports. Since the distribution of natural resources and finished goods are not equitable in relation to different countries needs, the international trade is a must. It raises the purchasing power and standard of people.

The destination of exports and the origin of imports show the direction of foreign trade. It indicates the important areas of trading with our country.

Every country tries to improve the exports and maintain more foreign exchange reserves. Indian economy has developed to a great extent from importing, self sufficiency and now to exporting level.

The globalization and liberalization also helps the export of the goods considerably. Some times it gives a blow on the native markets also because when it is cheaper in international market the needy country buys from other countries. Our importer (buyer) of specific products no longer be our importer because if he gets the same item from other country at cheaper rate he prefers to buy from it.