The government and private investors are stepping up expansion plans on the East Coast
to utilise the opportunity.
What makes East Coast an ideal location for investment is its geographical location that offers
a very short, convenient and cheaper route for traders, who are keen to accelerate the
shipment of goods from India to China and other Southeast Asian countries like Myanmar,
Malaysia, Thailand, Philippines, Indonesia, Taiwan and South Korea. As India’s trade with
these countries rises, the need for convenient and alternative capacity generation will be
Notwithstanding the global economic slowdown, India’s foreign trade stood at $794 billion
in 2011-12. During 2006-2011, India's east-bound trade grew at 23 per cent, which was higher
than the growth of the country’s total Export-Import trade indicating a shift in port traffic and
trade volumes from West Coast to East Coast. The shift is expected to further spur
allied activities in the logistics sector, boost industry and increase employment in east India.
In this backdrop, the ports will play an increasingly symbiotic role in the development of the
Besides rising trade with China and Southeast Asia, the demand for coal to fuel power projects
in eastern India has led to the growth of East Coast ports. The East Coast region has rich
untapped mineral reserves, fertile soil and forests in addition to a growing urban population
and emerging manufacturing and power generation hubs.
The East Coast Maritime Business Summit will discuss the changing dynamics of the country’s
foreign trade, the significance of East Coast ports, hinterland connectivity and the opportunities
and challenges faced by the region.