Seaports and airports - transport infrastructure, Microeconomics

Assignment Help:

Seaports and Airports:

Seaports India has 12 major ports and about 185 minor ports over its coastline spread over 7,000 kms. Major ports are managed by the Central Government and account for over 75 per cent of total cargo. Minor ports are managed by the State governments and account for the residual 25 per cent of cargo transportation. After the 1991 economic liberalisation, on an average, the sector realised a growth rate of 6.22 per cent.  A number of changes are taking place in the ports sector. After economic liberalisation, private investment is encouraged in this sector. This typically takes the form of private parties setting up terminals at existing ports. Such terminals have come up at Marmugao (JLNPT) and at Tuticorin and a new one is coming up at Kochi. Foreign collaborators have shown interest in setting up these terminals and the Australian P&O and the Port Authority of Singapore are among the investors already present.  Growth rate of traffic handled by major ports has accelerated in recent years, partly because of booming exports and partly owing to the new investments and consequent better efficiencies. Despite this, the volumes of cargo handled by India's biggest ports are small in comparison with international ports like Singapore, Hong Kong and Rotterdam.   

Airports 

Mumbai and Delhi account for the largest share of all air traffic (domestic plus international) in India.  Airports are under the management of Airports Authority of India. Private investments are to be drafted for the upgradation of the four major airports (Delhi - Mumbai - Kolkata and Chennai). New 'greenfield' airports under private ownership are coming up at Bangalore and Hyderabad.  A new airport promoted by Kerala State Government has come up in Kochi with private investor participation.  There is large scope for expanding airport traffic, especially on the cargo side. This requires modern handling facilities and adequate infrastructure. Passenger traffic is also  increasing rapidly with recent changes in policies relating to 'Inland travel tax' and duties and taxes levied on aviation fuel. A new policy framework that permits private airlines to operate international  


Related Discussions:- Seaports and airports - transport infrastructure

Production theory, why does gap between the ATC curve and the AVC curve dec...

why does gap between the ATC curve and the AVC curve decreases as the level of output increases

Tax incidence, if the inverse demand curve is p=120-Q and the marginal cost...

if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer

Pure competition and efficiency, Allocative efficiency criteria are satisfi...

Allocative efficiency criteria are satisfied by the competitive model.  Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec

Market structure, discuss the implications of various market structure for ...

discuss the implications of various market structure for price determination

Long run equilibrium - perfect competition, Long run equilibrium - Perfect ...

Long run equilibrium - Perfect competition: In the long-run, on the other hand, the firm in perfect competition is making normal profit or zero economic profit as shown in Fig

Introduction, b) Sally’s firm produces granola bars with a fixed cost of 10...

b) Sally’s firm produces granola bars with a fixed cost of 10 (this cost is already sunk). Her variable cost function is VC = q2 + 2q. Assuming the market for granola bars is comp

The state of confidence in conventional judgements, The State of Confidence...

The State of Confidence in Conventional Judgements : While individuals fall back on conventions to guide their behaviour in the face of uncertainty, they are also aware that th

Role of managers, Managers: Top directors and managers of larger companies ...

Managers: Top directors and managers of larger companies who are assigned the task of organizing disciplining workers, initiating production and accounting to shareholders for perf

Find the equilibrium precaution, Mr. Smith can cause an accident, which ent...

Mr. Smith can cause an accident, which entails a monetary loss of $1000 to Ms. Adams. The likelihood of the accident depends on the precaution decisions by both individuals. Spe

Discuss the advantages and disadvantages of rate regime, Discuss the advant...

Discuss the advantages and disadvantages in having a managed exchange rate regime. Advantages of a managed/fixed exchange rate Predictability and certainty a) Fi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd