Easing cabotage has not led to cut in coastal shipping rates NITI Aayog 3 year Action Agenda also recommended to ease cabotage to promote shipping in India FCCs(Foreign Cargo Carriers) have not passed even a part of the profit to Indian Customers. ota Cabotage is the transport of goods or passengers between two places in the same country by a transport operator from another country Credit growth at 5-year high Year on year credit growth was 14.6% as on October 26, the highest in five years Indicates improved business sentiment+Expect in growth Foundry industry expects growth to double in two years GS1 factors responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world (including India) Indian foundry industry manufacturers metal cast components for applications in Auto, Tractor, Railways, Machine tools etc Major Foundry Clusters- Jamshedpur, Jalandhar, Chennai, Howrah,Pune,Batala,etc Locational factor-Closeness to Auto cluster or forward linkage industries +Electricity +Manpower +Raw material like scrap iron or sponge iron
Questions- 1) Foundry industry in India are mostly located near auto clusters. Examine the reasons Also discuss what other factors determine the location of foundry industries 2) What do you understand by Cabotage? Easing Cabotage in Coastal Shipping hasn't been able to meet the objective of cheaper and efficient shipping,Examine. Also recommend some measures to develop coastal shipping in India 3) Renaming of cities in India has seen a splurge recently. Do you think such exercise are waste of taxpayer's money? Examine in light of the communal overtone some of such renaming casts