VIJAYAWADA: Chief Minister Y. S. Jagan Mohan Reddy informed Maritime India Summit 2021 that Andhra Pradesh aims to increase its share in exports from India to 10 per cent from existing four per cent by 2030.
He expressed confidence that the target would be achieved with exports from major world-class port in Visakhapatnam, apart from five functional and 10 notified state ports, which can together handle more than 170 million tonnes of cargo per annum, second only to Gujarat.
The Maritime India Summit was virtually inaugurated by Prime Minister Narendra Modi, on Tuesday.
The CM pointed out that, 95 per cent of India’s trade by volume and 70 per cent by value is through maritime transport, with ports handling approximately 1.2 billion metric tonnes of cargo in 2019-20 and attributed it to policy reforms like 100 per cent FDI, Make in India, Sagarmala and Bharatmala. He hoped Maritime India Vision 2030 document will become a testament of government commitment to…