President attends first Convocation of Indian Maritime University Chennai, Feb.22 : President Pranab Mukherjee on Saturday attended the first Convocation of Indian Maritime University at Chennai Trade Centre. Speaking on the occasion, the President urged
Mukherjee also said that India is blessed with a long coast line of more than 7,500 kms, and 95% of the country's trade by volume, and 70% by value, is handled through the sea. In spite of this, only about 10% of country's trade is carried out through Indian ships and its share of global seafarers is only 6%. The ships manufactured in India carry even less cargo.
He stressed that if India is to emerge as a major economic power in future, it would require substantial stepping up in the out-turn of quality maritime personnel and addition to its ship-building capacity. Ship-building has the potential to generate a lot of employment, both in rural and urban areas.
(Posted on 23-02-2014)