Indian government revives SagarMala Project to modernise ports
The Dollar Business Bureau | @TheDollarBiz Kandla port is Asia’s first SEZ. Developing SEZs to improve exports is targeted in the Union Budget 2014-15 Sagar mala project The Shipping Ministry is planning to implement the Sagar Mala Project with an aim to improve India’s ports to international standards and increase connectivity to hinterland business clusters. The Sagar Mala Project was first announced by former Prime Minister Atal Bihari Vajpayee on August 15, 2003. Among the aims were expansion and modernisation of the shipping sector, development of inland navigation, and improvement in draft. It was proposed that an investment of over Rs.1,00,000 crore was required over a period of 10 years to implement the project, with most of the funds coming from the ...
