Since the opening of the Suez Canal in 1869, India’s distance from Europe has been reduced by 7,000 km. Hence, the trade and transportation prospects have improved
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The Suez Canal links the Med with the Red Sea. Prior to that a ship sailing from England to China or India had to sail around the Cape of Good Hope at Africa's southern tip, adding days, even weeks, to the journey. The Suez Canal was meant to cut down on the duration of the trip. This was especially important when transporting perishable good. Remember that the canal was completed in 1869, there was no refrigeration aboard ships at that time. So time really was money to those who were shipping in fruits, spices, tea, and anything else that could go bad. By placing a canal at what was essentially a halfway point in the trip more profit could be made by the companies which hired or owned the ships. It also meant moving troops into a contested area would take less time, thus bringing reinforcements in sooner.
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The Suez Canal is considered to be the shortest link between the east and the west due to its unique geographic location; it is an important international navigation canal linking between the Mediterranean sea at Port said and the red sea at Suez .The unique geographical position of the Suez Canal makes it of special .
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- Reduced distance to Europe. The construction of the Suez Canal reduced the distance between India and Europe significantly. It is said that this distance was 7,000kms before the construction of the canal. The reduced distance has led to faster transportation of Indian merchants. Goods can now be transported within 24 hours across Asia to Europe and this is because of the lesser distance between the two continents.
- Increased Trade flows for India. Prior to the construction of the Suez Canal, India had to transport its goods to Europe using the Cape of Good Hope. This was a much longer route and was a major hindrance to the trade between Europe and India. However, trade flows increased greatly after the construction of the canal. Ships and other vessels travel to Europe from India on a daily basis and trade flows have increased significantly because of this waterway. This has also contributed to the increase in world trade.
- Security Improvement. For India, one of the major benefits of using the Suez Canal in transporting goods is because it is a secure route compared to the other water routes. This is because the canal experiences less piracy activities as compared to the rest of the water trade routes. The canal has more security and personnel as compared to the other trade routes and merchants are assured of safety for their products.
- Increased employment opportunities. The Suez Canal has increased trade for India and its partners leading to provision of employment to those in the shipping businesses. There are also opportunities for those who can work as crew members in the water vessels. Ship builders as well as repairers and producers of different goods have a larger market because of this waterway.
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Since the opening of the Suez Canal in 1869, distance between India and Europe has been reduced by 7000 kms.
India enjoys a favourable situation on the international highway of trade and commerce.
The ocean routes from East and South-East Asia and Australia to Africa and Europe pass through Indian Ocean.
India is connected with Europe, North America and South America through both the routes-the Cape of Good Hope and the Suez Canal
I hope it is helpful 😊☺
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