Shipping Industry in India and Its Enivornmental Law Challenges

Abstract

India is positioned strategically in the world map with a vast coastline of approximately 7500 kilometers. India, has been known for its products and trade activities. Marine shipping is one of the most important means of transport through which the trading activities takes place. Shipping transports more than eighty percent of world trade by volume 1 and plays an important role in spreading the benefit of trade and commerce evenly to every part of the world. It plays a key role in transporting goods and commodities and carrying passengers and tourists across continents. Shipping has emerged as the most economical and efficient system of international transportation for most goods as it furnishes a dependable, low-cost means of transporting goods helps in creating prosperity among nations. Shipping industry is a means to millions of people in the developing world and maintains the standard of living of the people in the developed world. It has also assisted in reducing poverty by improving the living standards of millions of people across the world.