Search Result for : Sagarmala Project

The Dollar Business Bureau  Ports can act as a catalyst for India to achieve a consistent growth rate of 10% per cent, NITI Aayog CEO Amitabh Kant said. Addressing a workshop organised by the Ministry of Shipping under the Sagarmala programme on ‘Accelerating Sagarmala Implementation, Engaging with States’, Kant said that the Sagarmala programme is a game-changer.  "Ports can act as the catalyst of growth and help in achieving 10 per cent consistent growth rate for the country, hence making Sagarmala programme the game-changer for the country’s development," Kant said.  The main objective of the workshop was to enhance the engagement among the shipping ministry, other line ministries and various maritime states of India, an official statement said.  Citing examples, he said success stories emerged ...

The Dollar Business Bureau After awarding a record Rs.4.5 lakh crore worth of contracts in highways segment, a multi-modal transport planning consisting of railways, waterways, airports and bus stations will be implemented in a big manner, said Road Transport, Highways and Shipping Minister Nitin Gadkari on Friday. “We broke all records in highways. We have awarded contracts worth Rs.4.5 lakh crore so far. We will be awarding contracts for 15,000 km of highways by March taking the highways building pace to 30 km from 20 km a day in December,” Gadkari said while addressing the reporters in New Delhi. The Minister said that 15% increase in allocation for highways in the Budget was a welcome measure and this is the first time that ...

Sreenivasa Rao Dasari After decades of lull in the domestic waterways, the country’s major ports are gearing up to promote coastal shipping thanks to the Sagarmala project and focus of the NDA government. Major ports including Visakhapatnam Port Trust (VPT) have started taking measures including offering incentives to boost cargo transportation using coastal shipping. ICC Shipping Association observes the legislation changes and processes but infrastructural issues are yet to be addressed properly as practised in China, Japan, EU and the US. India still faces a shortage of containers, maintenance support and policy push, said the industry body. Organisations such as Food Corporation of India (FCI) have taken measures to transport food grains using coastal shipping.  India has a long coastline of about ...

The Dollar Business Bureau As part of the Sagarmala programme, the Ministry of Shipping has taken various actions to meet its objective for sustainable development of coastal areas. A clearly defined action plan has been drawn to ensure sustainable and holistic development as part of the Ministry’s National Perspective Plan. The communitiesin the coastal areas are recognised as critical stakeholders in the port-led development agenda under the programme. As part of its action plan, the Shipping Ministry has sanctioned Rs.30 crore for capacity building and to provide safety training to 20,000 workers, who are engaged in the activities of ship recycling at Alang-Sosiya yard in Gujarat.  In addition, it has sanctioned Rs.13.77 crore for skill training to 27 coastal districts in conjunction with Deen Dayal Upadhyaya Grameen ...

The Dollar Business Bureau  The coastal shipping and inland water transportation have extended the policy for reimbursement of freight for movement of phosphatic and potassic (P&K) fertilizers under the Nutrient Based Subsidy (NBS) Policy. It was only the movement of fertilizer by rail from the plant or the port to rake points in various districts that were included in the subsidy but will now also apply to the movement of fertilizers through coastal shipping and inland waterways. The move will help in promoting transportation of fertilizers through coastal shipping under the Ministry of Shipping’s flagship programme Sagarmala. The move has been taken after a study concluded that a total opportunity for coastal movement of fertilizers is 9-10 MTPA by 2025 which can lead to ...

The Dollar Business Bureau  Sagarmala, the ambitious project of the government for ‘Port-led development’, will help in cutting down the logistics cost for domestic as well as EXIM cargo, with an estimated overall cost savings of Rs.35,000-40,000 crore per year by 2025. “Sagarmala, the ambitious programme for ‘Port-led development’ in the country, is all set to change the logistics sector performance by optimizing India’s logistics modal mix. The flagship programme by the Ministry of Shipping will help in reducing the logistics cost for both domestic and EXIM cargo with optimised infrastructure investment. An overall cost savings of Rs.35,000 to 40,000 crore per annum by 2025 is estimated from the same,” said an official release. There is considerable potential to move finished products and ...

The Dollar Business Bureau Describing the development of inland waterways as a game changer in national connectivity, Road Transport, Highways and Shipping Minister Nitin Gadkari said on Tuesday that the move will reduce cost of transportation as well as road congestion. Gadkari informed there are just five inland waterways at present and 106 more have been identified by the central government. This would cut the cost of transportation for passengers and goods, reduce congestion on roads and play a crucial role in pollution reduction, he said while addressing a conference organised by the Press Information Bureau in Chandigarh. The Minister further said amphibious buses and hovercrafts would be introduced to increase the use of the inland waterways. Gadkari informed that ports across the world ...

The Dollar Business Bureau India and the US on Monday agreed to enhance their engagements in the maritime sector, as the American ports evinced keen interest in India’s port-led development programmes, particularly the Sagarmala initiative. The Sagarmala programme has identified 150 projects with a capacity to mobilize $50-60 billion for infrastructure-related investment and another $100 billion for facilitating industrial growth, in the domestic maritime industry. Shipping Minister Nitin Gadkari, who has been on a week-long trip to the USA, held wide-ranging talks with several officials and explained investment opportunities in the development of new ports, construction of new terminals at existing ports and coastal economic zones, dredging, development of inland waterways and cruise shipping, building, recycling and repairing of ships. Gadkari also explained the ...