Question

How many public,sector shipping industries are there in India?
(A) 5
(B) 4
(C) 7
(D) 6

Answer 1

Hint: The Public Sector Undertakings (PSUs) are the government-owned companies in which majority (51% or more) of the paid up share capital is held by way of central authorities or through any kingdom authorities or partly by means of the central governments and partly by means of one or greater nation governments.

Complete Answer:
- According to the Ministry of Shipping, around 95% of India's buying and selling through extent and 70% with the aid of price is completed via maritime transport.India has 12 foremost and 205 notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country.
- The Indian ports and transport enterprises play an indispensable position in sustaining the boom in the country’s exchange and commerce. India is the sixteenth biggest maritime USA in the world with a shoreline of about 7,517 kms. The Indian Government performs an essential position in helping the ports sector. It has allowed Foreign Direct Investment (FDI) of up to one hundred percent underneath the automated route for port and harbour development and upkeep projects. It has additionally facilitated a 10-year tax excursion to agencies that develop, keep and function ports, inland waterways and inland ports.
- In FY20, fundamental ports in India treated 704.82 million tonnes (MT) of cargo traffic, implying a CAGR of 2.74% in the course of FY16–FY20. Cargo site visitors at non-major ports reached 447.21 MT in FY20 (till December 2019).
- The foremost ports had a capability of 1,514.09 MT per annum (MTPA) in FY19P. The Maritime Agenda 2010–20 has a 2020 goal of 3,130 MT of port capacity.
- The Government has taken countless measures to enhance operational effectiveness through mechanisation, deepening the draft and fast evacuations.

Note: There is solely one public quarter transport company. It is a Shipping Corporation of India with its headquarters in Mumbai. It manages and operates vessels.SCI was once set up on two October 1961. SCI was additionally awarded the prestigious "Navratna" reputation via Indian Government in 2008.