ROLE OF SHIPPING IN INDIAN ECONOMY

INTRODUCTION:-

As we know that shipping is the most efficient and very cost effective way of transportation, not even in present era but also in the previous year shipping was the one and only way of transportation. if we see the history of development of any country then shipping and shipping related activities act a vital role. it mean that without shipping the world trade was not possible even also in ancient history people also used it as a traveling convenience.

Apart from all these facts if we talk about India then we know that Indian has a very vast coastal area which is near about 6500 km, and there is also 12 major ports and 120 minors ports situated on it, and also somewhere shipping directly or indirectly affects the economy of India because 65% of the foreign trade done by shipping only. There is also some activities associated with shipping such as ship manufacturing, ship braking, port activities and export and import .so by all these we can easily see that shipping is how much important in Indian economy.

SHIPPING

Shipping is a cyclical business and is affected by ship-manufacturing activity

Around the world. When demand for tonnage increases, new ships are ordered.

Following the current surge in demand, order books for new ships are at an all

time high. Other interesting trends in the sector include increasing ship sizes, the

integration of shipping lines and port operators, efforts towards horizontal integration/alliances, etc. These trends have increased the bargaining power of shipping lines vis-à-vis other players in the value chain. The Indian shipping industry has also been increasing capacity. Many players have developed expansion strategies and are planning to raise capital through the market to finance the same. As global competition increases, the Indian shipping industry will have to upgrade its fleet to improve its efficiency and become competitive.

If shipping activities will increase then other sector like transportation beyond the port such as rail link and road link will also increase, so India would also need to focus on multi-modal transport to facilitate movement of goods from inland locations to ports and vice-versa. This would require development of road and rail infrastructure, improvement in multi-modal transport, and modifications in procedural arrangements to allow smooth flow of traffic (load limits on road, etc.).

Indian economy is also increasing very vastly and there is so many companies who is doing business beyond the boundary of Indian Territory. And at the same time other foreign nation companies is also doing business in India, so fortunately the export and import is also increasing. if we see the following graph then it’s easy to estimate that how Indian business is increasing in global scenario .

EXPRT COMMODITIES BY INDIA:-

These days India is exporting so many various commodities at large scale in which tea, steel, heavy machine tools, sugar, fertilizer, coal is the main products.

IMORT COMMODITIES BY INDIA:-

But at the same time India is also importing some goods from foreign nation such as crude oil, rice, cotton, liquid bulk cargoes etc.

All these export and import of goods is taking place by the help of shipping only and all these activities helping in the cash in f low of foreign currency.

Conclusion:-

India's maritime sector is witnessing promising growth, which is reflected in the

Increase in the demand for infrastructure and services across the entire value

chain comprising shipping, ports, ship-building/repair, and logistics. While this

Growth has thrown up bottlenecks in infrastructure and service provisioning

Across the sector, it has also opened up opportunities in each segment.

Therefore, it is critical to pursue comprehensive measures at the policy, administration, and project level in each segment, so that bottlenecks are addressed and opportunities are capitalized upon, thereby ensuring that the growth momentum is sustained.

INFOSYS’S NARAYANA MURTHY

Narayana Murthy’s life is exactly the stuff that dreams are made of. The man started a company with 6 likeminded people in the 1980’s with just a few rupees and today Infosys is the first name that crops up when someone thinks of IT. The world over Infosys is the one who supplies solutions to IT needs-small and large. What makes Narayana Murthy’s story interesting is the fact that he made his bones at the time when computers weren’t as common as they are today and the famous Indian license Raj was still making it difficult for people to do anything. The hard-working simple south Indian is a role model for millions and stories about Murthy’s humility and modesty have been cited as examples of ‘Simple Living, High Thinking’. The deal about him taking a cab or a bus to work at times when his driver didn’t show up have been doing the rounds for years now. The way things were going maybe Murthy would have ended up as the Indian President following the tradition set up President Kalam. That would have been the ideal end to the storybook life of Narayana Murthy but perhaps being India Inc’s poster boy must have finally caught up with him.

In February 2001, Infosys technologies ltd. was voted as the best managed company in Asia in IT sector.mr. Narayana murthy had built an organization that is respected across the country with very strong system, heigh ethical values, and a nurturing working atmosphere.

If we’ll see the following milestone covered by Infosys in mentorship of Mr. NARAYANA MURTHY, we can say that INFOSYS is the world’s largest IT solution co.

· According to a leading financial magazine euromoney’s SURVEY infosys is the best managed company in the world.

· In two decade, from a turnover of INR 1.16 million in 1981, infosys had grown to an INR 19 billion co. in 2001.

· Infosys is the 1^st INDIAN IT’S company who’s share is listed in nasdaq at the cost of US$ 75 million.

so by these milestone we can say infosys is the world’s largest IT solution company.

Mentor of infosys Mr. narayana murthy is a good leader as well as manager also, he made his company on the basis of employee satisfaction, he built an organization that is respected across the globe, with very strong systems, high ethical values and a nurturing working atmospahre.when he was in Paris he realized that the only way to pull India out of poverty was to create more jobs by setting new companies. So his thought is saying here that how much he is concerning about his country and welfare of other people also. During 1998-99 he planned to position infosys as a true global company, global clients, global operation global staff and a global brand image.

Mr. Narayana murthy planned three steps for infosys and its development. These are “global delivery model” the model said that producing where it is most cost effective. The 2^nd was “moving up the value chain” and the 3^rd one was “PSPD (predictability sustainability profitable de-risking problem) according to him these are four fundamental tenets of any well run business.

Infosys provides many facilities to its employees which were intended to take care of both professional and personal needs such as ticketing,medical.credit card ,house loan and so on… narayana murthy believed that employees create wealth they are most valuable assets of the company. He also believed in commitment in values and ethical conduct of business. He also believe in simple living and high thinking so he never used any benefit of company’s fund except his salary and dividend.

So these are some work done by Mr.Narayana murthy, which shows his leadership qualities and skills which help him and the organization to reach where they are today.