India – China
Since ancient times the India- China shipping route has been of great importance for both the countries. The route has proved to be very economical and has enhanced trading relations between the two countries.
A few years back, China was India’s largest trading partner, accounting for 8.7 percent of overall India’s trade volume.
India is placed between China and Europe and hence the Indian Ocean plays a very important role in China’s overall trade and economy.
The short distance between the countries and technically sound ports of India, such as Nhava Sheva, India, has made this route a highly competitive one. At least one carrier leaves China for India every week, and during peak trading season the frequency even increases to a vessel per day!
India – The Netherlands
The port of Rotterdam, The Netherlands is one of the most significant ports when it comes to trading between east and west. Due to its modern facilities and extensive hinterland network, the Dutch port has also been elected as the best port infrastructure in the world several times.
India exports a wide variety of products from petroleum oil and vegetable fats to T-shirts and footwear to The Netherlands.
The give and take between the two nations is not just limited to commodities, the port of Rotterdam has agreed to a strategic tie-up with the Gujarat Maritime Board (GMB). In the two year tie-up, the port of Rotterdam will help GMB in creating a detailed strategic plan report for future projects and will also provide their expertise in training and developing skilled professionals.
India – Turkey
The economic connections between India and Turkey dates back to the medieval era and is fostered to the late 20th century. Today, the India-Turkey shipping lane has been a pivotal factor to strengthen the bilateral commercial relations between the two countries. India’s growing economy and technological advancements in the last decade has played a crucial role in attracting Turkish traders to invest in Indian markets.
This shipping lane is serving as a major route for India to export- Gold, metal scraps, crude fertilizers and crude minerals to Turkey, and import – Petroleum, organic chemicals, and road vehicles from Turkey.
India – Brazil
When it comes to Latin America and Caribbean region, Brazil is one of the most important trading partners. Trade between India and Brazil has increased substantially in the last two decades. And this has only been possible because of the favorable conditions the India- Santos shipping route possess.
Brazil has a share of 2.6% in the Indian export market, whereas 1.3% share in the imports. A large portion of this trade is carried out through the ocean route.
Crude-Diesel constitutes to about 50% of the entire bilateral trade volume. Chemical Products, Drugs, and Cotton Yarn are some other products that are exported in bulk from this shipping route.
India – UAE
The UAE is currently the second largest trading partner of India, accounting for more than 10 percent of Indian exports. Trade of this volume would not have been possible without the convenient shipping conditions of the India- Jebel Ali route. The Jebel Ali port was founded in 1985 and since then it has played a crucial role in supporting India’s global trade. With its global connectivity and world-class facilities, the trade between Jebel Ali Freezone (Jafza) and India reached over US$ 3.4 billion in 2017. The partnership is not just limited to import and export but it is expected that UAE will also help India to build world-class logistics infrastructure.
Since ages India’s trade and economy has been dependent on these lanes. It is because of these lanes that India is the fastest growing economy and its trading capacity is increasing by leaps and bounds. By improving the port infrastructure and training the staff through tie-ups with some of the best ports in the world, the time spent in port operations can be decreased to a large extent and thus these shipping lanes can be made more efficient. We at FreightBro, are sure that India will continue to be a key player in global trade and keep on topping the list of fastest growing economy.