45th National Maritime day goes into history

The main function of the 45th National Maritime Day held at the YB Chavan Centre on April 05, 2008 in Mumbai became an auspicious event with soul searching for the players in the shipping arena while garnering the opportunities which the economic boom offered. Mr. Anwar-Ul-Hoda, Member, Planning Commission, the chief guest at the function came out in support of the Indian maritime sector offering a new direction which he felt, if pursued with renewed vigour would serve as a driver to the Indian economy.

"India is on the way to becoming an economic power, and the situation has changed in the past 40 years. Today, we know that India is a super power in the making," stated Mr Ul-Hoda.

"Shipping belongs to the service sector and this has grown at the rate of 9%, well ahead of the industrial growth which was pegged at around 8.5%. India is regarded as a leading exporter of commercial services which have grown three fold over the four years spanning 2002 to 2006, when it registered 3.72% growth. Shipping being an important constituent sector of transport, economists have come to the conclusion that India does not have a competitive edge in transport.

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