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Like many developing countries, India has moved towards a trajectory of trade policy liberalization and globalization. These policies have been beneficial for the country, though several issues concerning the small and medium scale (SMEs) industries have not yet been addressed. International experience suggests that the path to sustainable income growth lies in systematic upgrading, which involves process, product, functional and value chain. The ability to meet ...
India's coastline is of 7517 kms on which there are 12 major ports and 187 minor ports. 90% of India's foreign trade is handled through seaways. Indian ports were under the purview of the government in the pre-liberalization and pre-reforms era. These ports were characterized by inefficient and ineffective services due to bureaucratic structure, obsolete infrastructure and mismanagement. However, changes worldwide brought pressure on the port industry and ...