Losing Colombo port deal can be a lesson for India to focus more on better development of ports in the country. Explain (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
· India must look at cancellation of Colombo port deal not as an injured party, but from the perspective of what it can take from the whole episode.
· The Vizhingham port is touted as India’s answer to Colombo and will compete with it in attracting transshipment cargo.
· The mandate of Vizhingham is to aggregate Indian exim cargo and thus provide a counter to Colombo.
· If we are serious about atmanirbharta as a concept, we must ensure that such cargo is handled in India instead of in a foreign port.
· The message to Indian policymakers should be: develop our own hub port that will attract Indian cargo as well as cargo from other countries and snap your dependence on foreign ports.
· India should be keen to develop its own hub port so that it no longer has to rely on Colombo to fulfill that role.
· The best way to achieve this is to offer attractive terms for India to invest in the ECT so that the preeminence of the port of Colombo in the area remains unchallenged.
Dev 4 years
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IAS Parliament 4 years
Try to mention about Sagarmala project. Keep Writing.
Priya Verma 4 years
Please review.
IAS Parliament 4 years
Good attempt. Try to stick to word limit. Keep Writing.
