'Necessary to improve maritime linkages with ASEAN'

Image
IANS New Delhi
Last Updated : Jan 31 2014 | 8:24 PM IST

As India seeks to strengthen its bonds with ASEAN, including through free trade agreements, it is necessary to improve maritime linkages with the booming Southeast Asian region as well as boost India's own maritime sector to make the trade ties yield expected results, speakers at a seminar here Friday said.

Speakers at a national seminar on ASEAN-India Maritime Transport Cooperation called for bottlenecks in maritime trade to be removed and building stronger economic corridors and value chains.

Anil Wadhwa, secretary (East) in the ministry of external affairs, said that with the share of merchandise trade with the 10-member ASEAN growing steadily "such trans-shipment will need to happen through cargo ships, and requires improvement in port and logistics infrastructure and direct shipping lines".

"These routes need to be identified, given economic feasibility and their policy related lacunae will need to be addressed."

He said that with ASEAN countries seeking to make the Dawei Sea Port in Myanmar a feasible project, India should "look at ways of becoming part of this development".

Wadhwa said an important area to be focused was "increasing the sustainability of maritime transportation through creating an economically vibrant catchment area, i.e. looking to integrate SEZs, availability of energy, ICT etc. on the one hand and, on the other, creating clusters of economic activity to strengthen, for instance, the regional food basket, local industry, capacity development and employment, and promote tourism and environmental management".

"In my view, the construct for maritime connectivity will sustain easier if it adopts an inclusive, symbiotic approach with these priority issues," he said.

Prabir De, senior fellow at Research and Information System (RIS), said China has a very strong maritime presence with its own shipping companies and sea ports which were an advantage in its trade with other countries, especially the ASEAN.

"Sea services never picked up in India? we need more feeder operators, more feeder services" for the maritime sector to pick up, he said.

He suggested short sea shipping routes - like between Kolkata and Yangon - as a way to build capacity.

T.S. Vishwanath, of the APJ-SLG Law Offices, a specialized commercial practice law firm, said unless the freight corridors in India are improved as well as the low capacity at Indian ports boosted among other things, the expected surge in imports from trade pacts with ASEAN would not be able to be realized.

Former foreign secretary Shyam Saran, who is chairperson of RIS and member of the National Security Advisory Board, called for better understanding of the challenges to realizing improved maritime connectivity with the Association of South East Asian Nations.

India and ASEAN have set a $100 billion bilateral trade target by 2015.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 31 2014 | 8:18 PM IST

Next Story