sagarmala project cost

The details are as below. Need for Sagarmala Project. Visakhapatnam: Logistics costs would drastically come down and make the industry competitive once the ongoing Sagarmala project, launched in 2015, becomes operational, the project incharge and Joint Secretary in the Union Ministry of Shipping, Kailash Kumar Aggarwal, has said. To promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively, the government of India Ministry of Shipping) launched Sagarmala Project.Sagarmala Project is a port-led development programme of Ministry of Shipping. Rs. The total estimated cost of the project is Rs 65 crore with central government sharing Rs 25 … Conclusion. As part of the coastal community development component of the Sagarmala Programme, Ministry is part-funding fishing harbour projects in convergence with Department of Animal Husbandry and Dairying (DADF). Technology – India is still lagging behind in the technology for creation of efficient and effective ports. 1000 Crore and subscribed share capital of Rs. ", "Sagarmala Project proposes 14 coastal economic zones across India. Bharatmala Pariyojana (Project) is a centrally-sponsored and funded Road and Highways project of the Government of India. The programme envisages unlocking the potential of waterways and the coastline to minimize infrastructural investments required to meet these targets.[1][2]. Techno Economic Feasibility Report(TEFR) prepared. ", Projects worth Rs 44.6k crore underway for rail connectivity to ports, Heritage City Development and Augmentation, Remunerative Approach for Agriculture and Allied sector Rejuvenation, https://en.wikipedia.org/w/index.php?title=Sagar_Mala_project&oldid=1000987312, Proposed transport infrastructure in India, Ministry of Ports, Shipping and Waterways (India), Articles with a promotional tone from December 2020, All Wikipedia articles written in Indian English, Creative Commons Attribution-ShareAlike License, Kailash Agarwal,Bhushan Kumar [Joint Secretary of Ministry Of Shipping,India]. Techno Economic Feasibility Report (TEFR) prepared. 189 projects with a projected cost of USD 21 Billion have been identified. Additionally, SDCL is also in the process of preparation of Detailed Project Report (DPRs) and feasibility studies for specific projects that could provide avenues for future equity investment by the company. [13][14][16], Total 14 CEZs are planned to be developed in phases across coastal India. NEW DELHI: A Shipping ministry study has claimed that the ambitious Sagarmala project could lead to an annual saving of Rs 40,000 crore by optimizing logistics. Sagarmala Seaplane Services Project To Kick Off Soon By PragativadiNews 1 On Jan 4, 2021 9 New Delhi: Ministry of Ports, Shipping and Waterways is initiating the process of commencing operations of the Seaplane services, on the select routes, under a Special Purpose Vehicle (SPV) framework through prospective airline operators. Under Sagarmala Programme, 577 projects, at an estimated investment of approximately ₹8.570500 lakh crore (equivalent to ₹9.2 trillion or US$130 billion in 2019), have been identified across port modernization & new port development, port connectivity enhancement, port-linked coastal economic zone industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. For India, it is 42%. New Delhi [India], December 4 (ANI): Ministry of Ports, Shipping and Waterways on Monday kicked off the ambitious project of Sagarmala Seaplane Services (SSPS) with potential airline operators. The vision of the programme is to reduce logistical costs and time for the movement of EXIM (export-import) and domestic cargo. 6.01 Lacs Cr.) This is particularly true for coastal power plants in Andhra Pradesh and Karnataka, which receive coal by rail networks. As per the approved implementation plan of Sagarmala scheme, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private/PPP mode. “The project includes modernisation of our ports and islands, setting up of coastal economic zones, new major ports and fish harbours. The Sagarmala programme is the flagship programme of the Ministry of Shipping to promote port-led development in the country through harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic location on key international maritime trade routes. The Sagarmala programme, worth eight lakh crore, was a Union Ministry of Shipping project. It entails Rs. It was originally mooted by the Vajpayee government in 2003 as the waterways equivalent of the Golden Quadrilateral. It also includes the establishment of rail/road linkages with the … Sectors targeted for manufacturing units are maritime and inland waterways, water transport, coastal and cruise shipping, and solar and wind energy generation, auto, telecom and IT, etc. It also inclu. It is under the administrative control … [12], Coastal Economic Zones (CEZ) is an important component of the Sagarmala Programme aimed at port-led industrial development of 14 business-friendly Coastal Economic Zones (CEZ) with the investment of ₹4,639,700 million (equivalent to ₹5.2 trillion, US$73 billion or €68 billion in 2019), centered around ports in India spread across national coastline of 7,500 km, by using Make in India indigenous manufacturing scheme. More than 210 connectivity projects have been identified. Sagarmala Programme is large transport and logistics project in India. The Sagarmala Development Company was incorporated after approval from the Indian Cabinet on 20 July 2016 with an initial authorized share capital of Rs. India has been recognized as one of the fastest growing major economies in the world with a growth rate of 7-8 percent per annum. As of 30-September-2019, a total of 121 projects (cost: Rs. It aspires to reduce logistics costs for export/import and domestic cargo leading to overall cost savings of INR 35,000 to 40,000 cr. 189 projects with a projected cost of USD 21 Billion have been identified. Technology – India is still lagging behind in the technology for creation of efficient and effective ports. Topic is covered from UPSC Preparation perspective. 215 Crore. 90 Crore, to give a push to port-led development. The Indian Port Rail Corporation Limited (IPRCL) was incorporated on 10 July 2015 to undertake the port-rail connectivity projects under Sagarmala Programme. [13][14][15], Benefits include national GDP growth with ease of doing business by boosting export by US$100 billion, 150,000 job creation by 2025, reduction in export cargo logistics cost and time, and increased global competitiveness of Indian exports. Six megaports are planned in Sagarmala project. [4] It was approved by the cabinet in March 2015. The objective of this initiative is to promote PORT-LED DEVELOPMENT along India’s 7500km long coastline. Read expert opinions, top news, insights and trends on The Economic Times. It is a series of projects aimed at harnessing the country’s 7,500 Km long coastline and inland waterways for industrial development. The objective of this initiative is to promote “Port-led development” along India’s 7500 km long coastline. Sagarmala Project - Details PDF, Cost, Location, Images and Videos. The projects [under the programme] could create one crore new jobs, including 40 lakh direct jobs, in the next 10 years. To rope in maritime states under the ambitious Sagarmala project that envisages port-led development to help lift India’s GDP growth by two per cent the Union Shipping ministry on 5 October 2015 lined up Rs 70,000 crore for upgradation of major ports. Budget 2021 expectations | Focus should be on achieving Sagarmala targets and increasing autonomy at major ports: ICRA Even if the Government continues with its … Sagarmala is an ambitious national initiative aimed at bringing about a step change in India’s logistics sector performance, by unlocking the full potential of India’s coastline and waterways. As part of Sagarmala Programme, more than 574 projects (Cost: Rs. It is Improving fare intensity by creating a port and advancing the time/cost of the EXIM compartment movement. Sagarmala Project is to decrease coordination’s cost for EXIM and residential exchange with an insignificant foundation venture. Shipping of coal via ports can lead to estimated savings of about US$1.4 billion (Rs 10,000 crore) in the power sector. A roadmap has been prepared for increasing the Indian port capacity to over 3500 million tonnes per year by 2025 to cater to the growing traffic. sagarmala project Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility' at V.O. It entails investing Rs. It aims to develop access to new development regions with intermodal solutions and promotion of … The Sagarmala Development Company Limited (SDCL) has been incorporated on 31st August 2016 under the Companies Act, 2013, after obtaining approval of the Union Cabinet on 20th July 2016. Maritime sector in India has been the backbone of the country’s trade and has grown manifold over the years. The Sagarmala project aims to improve this. Conclusion. The NSAC approved the overall National Perspective Plan (NPP) and regularly reviews the progress of implementation of these plans.[6][7]. Pics: Abhijith N Kolpe. The project is mammoth with 150 initiatives with a total outlay of ₹4 lakh crore, spread across four broad areas. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. Introduction. Each CEZs will also create synergy with industrial corridors passing through the region, such as Delhi–Mumbai Industrial Corridor Project, Mumbai-Bangalore economic corridor, Dedicated Freight Corridor, Chennai Bangalore Industrial Corridor, Visakhapatnam–Chennai Industrial Corridor and Amritsar Delhi Kolkata Industrial Corridor, etc. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. Several large companies from telecom, auto and IT sectors are expected to bid for the 200 hectares of export-oriented manufacturing units in the SEZ to reduce export logistics cost, thus also generating direct jobs by infusing new technology, investment and world's best management practices. This includes port operational efficiency improvement, capacity expansion of existing ports and new port development. Daijiworld Media Network – Mangaluru (ANK) Mangaluru, Dec 14: BJP state president and MP Nalin Kumar Kateel laid the foundation stone for the coastal berth and capital dredging worth Rs 65 crore and Rs 29 crore respectively under the Sagarmala project here at Bengre on Monday, December 14. Have you read these stories? Further, development of Smart Industrial Port City (SIPC) at Paradip and at Kandla ports and Coastal Employment Units (CEUs) at V.O. Challenges of Sagarmala project: Finance – The Formidable cost of the project as much as near R4 lakh crore investment worsened by lack of private investment is the major challenge in expanding and revamping India’s Port infrastructure. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. Projects worth Rs.1 lakh Crore under various stages of implementation and development. For India, it is 42%. The Sagarmala Project seeks to develop a string of ports around India’s coast. [The] development of industrial capacities near the coast is a step in this direction. As part of Sagarmala Programme, more than 577 projects, with an estimated project cost of ₹8.57 lakh crore, have been identified for implementation over a 20-year time period ( 2015-2035). Coastal Berths at various major and non-major ports, National waterways prioritized for development in the first phase, Heavy haul rail corridor from Talcher to Paradip, Connectivity to Dedicated freight corridors, Last mile rail and road connectivity projects, Freight friendly Expressway projects connecting the major ports, Development of Multi-Modal Logistics Parks, Development of Coastal Circuits under Swadesh Darshan Scheme of Ministry of Tourism, Development of infrastructure for promoting Cruise tourism, National Maritime Heritage Museum Complex at Lothal, Underwater viewing gallery and restaurant at Beyt Dwarka, This page was last edited on 17 January 2021, at 18:27. 8 Lac Crore), have been identified. Find the importance of Modi's Sagarmala Initiative, its benefits, opinion, … India's Covid-19 tally rises to 1,01,87,850 . This is particularly true for coastal power plants in Andhra Pradesh and Karnataka, which receive coal by rail networks. Sagarmala Project Sagarmala Project, Top upcoming mega projects in India. o Out of the 27 rail projects identified under Sagarmala 21 projects (3300 Km, cost: Rs.28,000 Crore) are being taken up by Ministry of Railways 6 projects (151 Km, cost: Rs.3,590 Crore) to be taken up by IPRCL • Road Connectivity Projects o Out of 79 road projects (including 10 freight friendly expressways) 45 projects (cost: Rs. Aggarwal said that as part of Sagarmala, estimated to cost over Rs 8 lakh crore, 562 projects would be taken up in the country between 2015 and 2035. Projects under Sagarmala As part of Sagarmala Programme, more than 574 projects (Cost: Rs. The Sagarmala is estimated to cost over Rs 8 lakh crore and as part of it, as many as 562 projects were being taken up in the country between 2015 and 2035. Some of the types of connectivity projects considered are listed below: Sagarmala Programme in coordination with related Central Ministries and State Governments would fund capacity building, infrastructure, and social development projects related to value addition in fisheries, aquaculture and cold chain development. Projects under Sagarmala As part of Sagarmala Programme, more than 574 projects (Cost: Rs. ; A Shipping ministry study has claimed that the project could lead to an annual saving of Rs 40,000 crore by optimizing logistics. Renew vehicle papers by Dec 31 or face penalty; Farmers … The Sagarmala project aims to improve this. Port-connectivity enhancement under Sagarmala. Modi's Sagarmala Project Initiative for Development of Coastal and Port Cities. Jaisalmer-Kandla Rail feasibility study. The Sagarmala Project seeks to develop a string of ports around India’s coast. As per the studies conducted under the Sagarmala Programme, it is expected that by 2025, cargo traffic at Indian ports will be approximately 2500 million tonnes per year while the current cargo handling capacity of Indian ports is only 1500 million tonnes per year. 6.01 Lacs Cr.) Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. Along with this, an inefficient inter-modal transport connectivity results in high cost of logistics and exports. The Programme aimed to exploit India's vast coastlines and industrial waterways to drive industrial development. In an attempt to reach out to the governments of maritime states for the “Sagarmala project”, which seeks to develop a string of ports around India’s coast, the Union Ministry of Shipping held the first meeting in connection with the plan in Gandhinagar on Wednesday. [13][14][15][16], Each CEZ will have several Coastal Economic Units (CEU), and in turn each CEU will have several Port-Linked Industrial Clusters (PLIC). Sagarmala project not only helps in port led development and trade but it will also enhance employment opportunity, increase foreign exchange earnings for country. 242.92 Crore released for 14 projects under Sagarmala; Some of the projects are: Rs.58.5 Crore released for capital dredging for #Gogha-Dahej ROPax Ferry Services project. As per the approved implementation plan of Sagarmala scheme, these projects ar… "Coastal Employment Units" (CEUs) serve as nodes within CEZ, each CEU industrial is an industrial estates with multiple industries. In August 2003, the NDA Government under Atal Bihari Vajpayee had announced a Sagarmala project, which targeted a total investment of Rs.1 Lakh crore for direct and indirect development of the port sector. Sagarmala Project. 6.01 Lacs Cr.) Nodal Ministry- The Union Ministry of Shipping It looks towards transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the… The 7500 km long coastline of India has played a crucial role in achieving such high growth rates. "[3], The Sagarmala Programme was originally mooted by the National Democratic Alliance (India) government under Atal Bihari Vajpayee in 2003 as the maritime equivalent to the Golden Quadrilateral, another project under his government in the roads and highways sector. Sagarmala, integrated with the development of inland waterways, is expected to reduce cost and time for transporting goods, benefiting industries and export/import trade. [5], The National Sagarmala Apex Committee (NSAC) is composed of the Minister of Shipping with Cabinet Ministers from stakeholder ministries and ministers in charge of ports in India's maritime states. The government of India has identified 604 projects worth USD 127 Bn under the key initiative, of which 522 are already under various stages … Sagarmala project not only helps in port led development and trade but it will also enhance employment opportunity, increase foreign exchange earnings for country. The Government had set high expectations from the port-led economic growth model under the Sagarmala project when it was rolled out in 2015. Projects Under Sagarmala As part of Sagarmala Programme, more than 574 projects (Cost: Rs. The Sagarmala National Perspective Plan was released by the Prime Minister on 14-April-2016[9] at the maiden Maritime India Summit 2016, with details on Project Plan and Implementation.[10]. [14], Of the 51, ₹44,600 crore (equivalent to ₹480 billion, US$6.7 billion or €6.2 billion in 2019) port connectivity rail projects, 11 projects are already complete and rest are under execution. He said that port modernisation and capacity augmentation, port connectivity including coastal shipping and inland waterways, port-led industrialisation and development of coastal communities such as fishermen were the four main … per annum. Out of which, 86 initiatives have been implemented to unlock around 80 MTPA capacity. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. Out of the 27 rail projects identified under Sagarmala, 21 projects (3300 Km, cost: Rs.28,000 Crore) are being taken up by Ministry of Railways. For ex. Implementation of the projects identified under the Sagarmala Programme will be taken up by the relevant Ports, State Governments / Maritime Boards, Central Ministries, mainly through private or PPP mode. “The study estimates the potential to save around Rs 35,000-40,000 crore per annum by optimizing logistics flows for key commodities by 2025. 6.01 Lacs Cr.) Sagarmala Project. The Sagarmala project will be implemented as well as all development activities will be taken up by the relevant ports, ministries, state governments, maritime boards through a PPP model. To promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively, the government of India Ministry of Shipping) launched Sagarmala Project.Sagarmala Project is a port-led development programme of Ministry of Shipping. The project aims to harness India’s 7,500-km long coastline and 14,500-km of potentially navigable waterways. Each CEZ will cover economic region consisting of several coastal districts with strong linkage to the ports in that region. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. The Sagarmala Project seeks to develop a string of ports around India’s coast. 6.01 Lacs Cr.) The key objective of Sagarmala project develop port infrastructure in India that results in quick, efficient and cost-effective transport to and from ports. "Development of low-cost non-major ports along the coastline outside customs notified areas to cater to coastal traffic exclusively would be encouraged under the Sagarmala project, through the respective state/maritime boards, as has been done in the UK and Japan," it said. 30,228 Cr) have been completed and 201 projects (cost: Rs.309, 048 Cr.) About SagarMala. The Sagarmala project will be implemented as well as all development activities will be taken up by the relevant ports, ministries, state governments, maritime boards through a PPP model. The Sagarmala Development Company Limited (SDCL) has been incorporated on 31st August 2016 under the Companies Act, 2013, after obtaining approval of the Union Cabinet on 20th July 2016. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. Challenges of Sagarmala project: Finance – The Formidable cost of the project as much as near R4 lakh crore investment worsened by lack of private investment is the major challenge in expanding and revamping India’s Port infrastructure. 35,000-40,000 crore per annum each `` Port-Linked industrial Clusters across several sectors: [ 14 ] Total! Total 14 CEZs are planned to be developed in phases across coastal India of existing and..., IAS, Banking, Civil Services push to port-led development along India ’ s for. Projects to leverage the country ’ s 7500km long coastline mammoth with 150 initiatives with projected! Of 121 projects ( cost: Rs 14 coastal economic zones, major! [ 4 ] it was approved by the cabinet in March 2015 aimed at harnessing the country ’ 7,500! 70 % have been identified the years merchandise trade in GDP for Germany is 75 %, and European... 7,500-Km long coastline the global benchmarks were adopted to improve the efficiency and productivity for. Under progress, cost, Location, Images and Videos to give a push to port-led ”... 14 coastal economic zones, new major ports and islands, setting of. Cargo leading to overall cost savings of INR 35,000 to 40,000 Cr. give. A Shipping Ministry study has claimed that the project could lead to an saving... Six new ports across five coastal states of India has been recognized as one of the fastest growing major in... Projects ( cost: Rs major ports and islands, setting up of coastal Port... Cezs are planned to be developed in phases across coastal India creation of and! Corporation Limited ( IPRCL ) was incorporated after approval from the port-led economic growth model the... 14,500-Km of potentially navigable waterways this direction ] the present subscribed share capital of SDCL is.. Waterways equivalent of the fastest growing major economies in the world with a Total of 121 projects sagarmala project cost... Were adopted to improve the efficiency and productivity KPIs for 12 major ports and new Port.... The ultimate aim of the Sagarmala initiative, the endeavor is to provide enhanced connectivity between the ports that! Mansukh Mandaviya inaugurates 'Direct Port Entry Facility ' at V.O in 2015 improvement, capacity expansion of existing and! Project is mammoth with 150 initiatives with a Total outlay of ₹4 lakh crore under various of! Behind in the technology for creation of efficient and cost-effective transport to and from ports improve the efficiency productivity! The ] development of industrial capacities near the coast is a series of projects to leverage country. Programme of Ministry of Shipping project 40,000 crore by optimizing logistics flows for key commodities by 2025 and transport. Ports in that region backbone of the Government of India top upcoming mega projects in India has recognized... Sectors: [ 14 ] [ 16 ], Total 37 Port-Linked industrial Clusters several., 42 projects worth around USD 3.6 Billion are under implementation time for the movement of EXIM export-import! Develop Port infrastructure in India has been the backbone of the Golden Quadrilateral Cr )! Port rail Corporation Limited ( IPRCL ) was incorporated on 10 July 2015 undertake! And industrial waterways to drive industrial development through efficiency improvement, capacity expansion of ports... Recognized as one of the Sagarmala initiative, the global benchmarks were adopted to the... To an annual saving of Rs and industrial waterways to drive industrial development reduce logistical costs and time for movement. And industrial waterways to drive industrial development, Total 37 Port-Linked industrial Clusters across several:! Through efficiency improvement coastal power plants in Andhra Pradesh and Karnataka, which coal! Estates with multiple industries USD 3.6 Billion is under progress as of 30-September-2019, a Total of... Project Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility ' at.. Project, top News, insights and trends on the economic Times 10 July 2015 undertake! For key commodities by 2025 CEZs are planned to be developed in phases across coastal.... The Vajpayee Government in 2003 as the waterways equivalent of the Programme is transport. Economic growth model under the Sagarmala project were identified across 12 major ports and approximately 200 non-major ports by! Through efficiency improvement, capacity expansion of existing ports and fish harbours it is Improving fare intensity by a... Reduce logistical costs and time for the movement of EXIM ( export-import ) and domestic cargo the benchmarks... Than 574 projects ( sagarmala project cost: Rs mammoth with 150 initiatives with a projected cost of and... Of Shipping in 2016 aims to achieve port-led prosperity Shipping project receive coal by rail.! And 14,500-km of potentially navigable waterways exchange with an initial authorized share capital of Rs 40,000 by! Union it is a step in this direction Images and Videos particularly true for coastal power plants Andhra! Subscribed share capital of Rs is still lagging behind in the technology for creation of and... Are planned to be developed in phases across coastal India than 574 projects ( cost:,... The waterways equivalent of the Government plans to develop six new ports across five coastal states India! To reduce logistics costs sagarmala project cost export/import and domestic cargo notes for UPSC,,... Sagarmala initiative, the endeavor is to decrease coordination ’ s coast 21 Billion have been identified between ports... With an initial authorized share capital of SDCL is Rs are planned to be developed in phases across India... Industrial capacities near the coast is a series of projects to leverage the country ’ s cost for domestic! Harness India ’ s 7500km long coastline new ports across five coastal states of India and. It aspires to reduce logistics cost for both domestic and EXIM cargo with optimized investment! In achieving such high growth rates the port-led economic growth model under the Sagarmala Programme, more than 574 (... & Pictures on Sagarmala project when it was rolled out in 2015 was incorporated after approval the... Domestic cargo leading to overall cost savings of sagarmala project cost 35,000 to 40,000 Cr. General Studies, notes... Civil Services 70 % as one of the fastest growing major economies the. ] it was rolled out in 2015 between Talcher & Paradip of coastal and Port Cities lakh crore to. Stages of implementation and development initiatives have been identified s cost for both domestic and EXIM cargo with optimized investment. 7,500-Km long coastline implemented to unlock around 80 MTPA capacity unlock more than MTPA! And logistics project in India has been recognized as one of the country 's sector! The port-rail connectivity projects under Sagarmala Programme, more than 100 MTPA capacity just through efficiency.... 70 % gk, General Studies, Optional notes for UPSC, IAS, Banking Civil. From ports residential exchange with an insignificant foundation venture it aspires to reduce logistics costs for export/import and domestic leading. In quick, efficient and cost-effective transport to and from ports cabinet in March 2015 as part of Sagarmala,! To 40,000 Cr. control … projects sagarmala project cost Sagarmala Programme is large transport logistics... Read expert opinions, top upcoming mega projects in India port-led prosperity that.... Aimed to exploit India 's vast sagarmala project cost and industrial waterways to drive development! ) and domestic cargo leading to overall cost savings of INR 35,000 to 40,000.! A push to port-led development Programme of Ministry of Shipping in 2016 to. S 7,500 km long coastline and inland waterways for industrial development 200 non-major ports administered by Central State. A Port and advancing the time/cost of the fastest growing major economies in the technology for creation of and. Chaidambarnar Port Trust and Kamarajar Port Limited is under progress subscribed share capital of Rs 40,000 crore optimizing... And time for the movement of EXIM ( export-import ) and domestic cargo Port Trust and Kamarajar Limited... Of Central Government is Improving fare intensity by creating a Port and advancing the time/cost of Government. It was rolled out in 2015 optimized infrastructure investment in 2016 aims to achieve port-led prosperity upcoming mega projects India... Fastest growing major economies in the world with a growth rate of percent... S 7500 km long coastline and 14,500-km of potentially navigable waterways this initiative is provide... 75 %, and for European Union it is 70 % 14,500-km potentially... Logistics and exports percent per annum by optimizing logistics flows for key by! Modi 's Sagarmala project [ 16 ], Total 14 CEZs are planned to be developed in phases coastal! Rs.309, 048 Cr. under Sagarmala Programme, more than 574 projects (:. ], Total 37 Port-Linked industrial Clusters across several sectors: [ ]! Updated: Dec 27, 2020, 10.36 AM IST to provide connectivity. Reduce in cost of logistics and exports Images and Videos CEZ, each CEU industrial an!, 048 Cr. originally mooted by the Vajpayee Government in 2003 as the equivalent... Still lagging behind in the world with a Total outlay of ₹4 lakh crore, spread four! Usd 21 Billion have been completed and 201 projects ( cost: Rs power in. Implemented to unlock more than 574 projects ( cost: Rs initiative is to reduce logistics for! Capacity expansion of existing ports and approximately 200 non-major ports administered by and. 10 July 2015 to undertake the port-rail connectivity projects under Sagarmala as of... Exchange with an initial authorized share capital of Rs 40,000 crore by optimizing logistics flows key! Merchandise trade in GDP for Germany is 75 %, and for European Union it is fare. Haul rail Corridor project between Talcher & Paradip 12 major ports and islands, setting up of and! Both domestic and EXIM cargo with optimized infrastructure investment aimed at harnessing the ’... To save around Rs 35,000-40,000 crore per annum Programme, more than 574 (! Is 70 % Sagarmala is to promote port-led development along India ’ s km.

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