New Delhi, May 24 (IANS) The Great Nicobar Project, work on which is underway, aims to transform the island into a strategic maritime and economic hub by leveraging its proximity to the global East–West shipping route and reducing dependence on foreign transshipment ports, keeping in view India’s defence and national security, an article contended.The project, which will strengthen India’s strategic presence in the Andaman Sea and Southeast Asia, seeks to balance port-led economic growth w…
Latest East–West shipping route News & Updates
New Delhi, May 2 (IANS) With the Great Nicobar Project, India can convert locational advantage into economic leverage, strategic depth and maritime influence, according to a new report.The island is remote, the project is expensive, and the execution risks are real. But the underlying logic — that geography left dormant is geography surrendered — is sound, writes Hans Kaufmann, a distinguished economist specialising in global fiscal policy, in India Narrative.Also, Great Nicobar does not “…