A Study on Export Import procedures at Visakhapatnam Port Trust

Abstract

Visakhapatnam port is one of the leading major port of India has been playing a vital role in fostering the country’s foreign trade, economic development and national development. In this paper an attempt has been made to focus on exports and import facilities, tariff rates, problems, present EXIM policy, major exports and imports. The above variables are tested by applying chi-square test in relation to year of establishment, operational area and type of firms. The results showed that 90 per cent of the respondents need additional warehousing and storage facilities at VPT. A little more than fifty per cent of the respondents need improvement in export and import facilities. All the respondents are facing different types of problems at VPT. To overcome their problems port authorities should take necessary steps. It is interesting to note that none of the respondents revealed about poor performance of the Andhra Pradesh government regarding export and import policies. The major exports are iron ore, engineering items, liquid cargo etc. The imports are edible oil, crude oil, chemicals, fertilizers etc. Nearly 50 per cent of the respondent’s revealed that the exports are more helpful for the country.

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