30,228 Cr) have been completed and 201 projects (cost: Rs.309, 048 Cr.) Project under Sagarmala: As part of Sagarmala Programme, more than 574 projects (Cost: Rs. Projects worth Rs.1 lakh Crore under various stages of implementation and development. New projects. 8.5 trillion (2018) to set up new mega ports, modernizing India's existing ports, developing of 14 Coastal Economic Zones (CEZs) and Coastal Economic Units, enhancing port connectivity via road, rail, multi-modal logistics parks, pipelines & waterways and promoting coastal community development, with the aim of boosting merchandise exports by US$110 billion and generating around 10,000,000 direct and indirect jobs. Pics: Abhijith N Kolpe. ", "Sagarmala Project proposes 14 coastal economic zones across India. Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. The Sagarmala Programme is the flagship programme of the Ministry of Shipping to promote port-led development in the country by exploiting India's 7,517 km long coastline, 14,500 km of potentially navigable waterways and its strategic location on key international maritime trade routes. The Sagarmala project seeks to develop a string of ports around India’s coast. Efficiency: Will reduce in cost of transportation and make India a new transit hub. Modi's Sagarmala Project Initiative for Development of Coastal and Port Cities. It also aims at "transforming the existing Ports into modern world-class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas. About SagarMala. [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. India currently has 2,78,690 active cases in total. It also inclu. [8] The present subscribed share capital of SDCL is Rs. 6.01 Lacs Cr.) Six megaports are planned in Sagarmala project. 90 Crore, to give a push to port-led development. Have you read these stories? 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. Under Sagarmala Programme, the endeavor is to provide enhanced connectivity between the ports and the domestic production/consumption centres. As of 31-Mar-2018, a total of 492 projects (₹4.255630 lakh crore (equivalent to ₹4.6 trillion or US$64 billion in 2019)) were under various stages of implementation, development and completion. 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. Budget 2021 expectations | Focus should be on achieving Sagarmala targets and increasing autonomy at major ports: ICRA Even if the Government continues with its … Currently, 42 projects worth around USD 3.6 Billion is under implementation. 6.01 Lacs Cr.) The consolidated Sagarmala project proposes to execute nearly 400 different projects along the coastline at a whopping cost of nearly ₹8 lakh crore in the next two decades. The Sagarmala Programme is an initiative by the government of India to enhance the performance of the country's logistics sector. The Indian Port Rail Corporation Limited (IPRCL) was incorporated on 10 July 2015 to undertake the port-rail connectivity projects under Sagarmala Programme. Under Project Unnati, the global benchmarks were adopted to improve the efficiency and productivity KPIs for 12 major ports. The objective of this initiative is to promote “Port-led development” along India’s 7500 km long coastline. [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. The Sagarmala project also aims to shift the movement of coal to the coastal route, which would cut down electricity costs by up to 35 percent. Under the port modernisation plan, new port development and … 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. 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… 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. per annum. ", 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]. The programme envisages unlocking the potential of waterways and the coastline to minimize infrastructural investments required to meet these targets.[1][2]. 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. Jaisalmer-Kandla Rail feasibility study. 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. 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. [17], Total 37 port-linked industrial clusters across several sectors:[14]. Sagarmala projects on the fore front . 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. It entails Rs. Each "Port-Linked Industrial Clusters" (PLIC) within CEU will have several manufacturing units. 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. "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. The project is mammoth with 150 initiatives with a total outlay of ₹4 lakh crore, spread across four broad areas. Sagarmala, integrated with the development of inland waterways, is expected to reduce cost and time for transporting goods, benefiting industries and export/import trade. Around 116 initiatives were identified across 12 major ports to unlock more than 100 MTPA capacity just through efficiency improvement. 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. It entails investing Rs. Techno Economic Feasibility Report(TEFR) prepared. For ex. It is a series of projects aimed at harnessing the country’s 7,500 Km long coastline and inland waterways for industrial development. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. 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]. 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 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. The coastal berth is developed under SagarMala project of Central government. 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. It is Improving fare intensity by creating a port and advancing the time/cost of the EXIM compartment movement. The Sagarmala project aims to improve this. The vision of Sagarmala is to reduce logistics cost for both domestic and EXIM cargo with optimized infrastructure investment. The 7500 km long coastline of India has played a crucial role in achieving such high growth rates. 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. As of 30-September-2019, a total of 121 projects (cost: Rs. Sagarmala Programme is large transport and logistics project in India. 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. Sagarmala Project - India's Port-led Development Programme - with the broad objectives of promoting port-led direct and indirect development and to provide infrastructure for transportation of goods to and from ports quickly and efficiently. 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. 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. Sagarmala Project. Projects Under Sagarmala As part of Sagarmala Programme, more than 574 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. sagarmala project Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility' at V.O. Technology – India is still lagging behind in the technology for creation of efficient and effective ports. Sagarmala, integrated with the development of inland waterways, is expected to reduce cost and time for transporting goods, benefiting industries and import/export trade. Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. Chaidambarnar Port Trust and Kamarajar Port Limited is under progress. The projects [under the programme] could create one crore new jobs, including 40 lakh direct jobs, in the next 10 years. #JNPT-Manmad-Indore rail link feasibility study. 6.01 Lacs Cr.) 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. 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. The share of merchandise trade in GDP for Germany is 75%, and for European Union it is 70%. Shipping of coal via ports can lead to estimated savings of about US$1.4 billion (Rs 10,000 crore) in the power sector. Under Sagarmala Project, 415 projects, at an estimated investment of approximately 7.98500 Lakh crore (US$120 billion), have been identified across port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. It aims to develop access to new development regions with intermodal solutions and promotion of … ; A Shipping ministry study has claimed that the project could lead to an annual saving of Rs 40,000 crore by optimizing logistics. Find the importance of Modi's Sagarmala Initiative, its benefits, opinion, … The Sagarmala project also aims to shift the movement of coal to the coastal route, which would cut down electricity costs by up to 35 percent. Sagarmala project: Find Latest Stories, Special Reports, News & Pictures on Sagarmala project. As 30 September 2019, a total of 493 projects were under various stages of implementation, development and completion: Website Content Managed by Ministry of Ports, Shipping and Waterways, Ministry of Ports, Shipping and Waterways, Port Modernization & New Port Development, Under Implementation (including under tendering projects), Total Completed/Under Implementation/Under Development. 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. 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). 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. 8 Lac Crore), have been identified. The Sagarmala project aims to improve this. 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. About Sagarmala: What is it? Maritime sector in India has been the backbone of the country’s trade and has grown manifold over the years. 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. 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] development of industrial capacities near the coast is a step in this direction. Each CEZ will cover economic region consisting of several coastal districts with strong linkage to the ports in that region. Sagarmala aims to modernize India's Ports, so that port-led development can be augmented and coastlines can be developed to contribute to India's growth. 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). 189 projects with a projected cost of USD 21 Billion have been identified. [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). It also includes the establishment of rail/road linkages with the … Coastal movement of coal could cut power costs by 50 paise per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has … The Sagarmala programme, worth eight lakh crore, was a Union Ministry of Shipping project. Conclusion. Introduction. “The project includes modernisation of our ports and islands, setting up of coastal economic zones, new major ports and fish harbours. The government of India has identified 604 projects worth USD 127 Bn under the key initiative, of which 522 are already under various stages … 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. 6.01 Lacs Cr.) 189 projects with a projected cost of USD 21 Billion have been identified. Rs. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. Projects under Sagarmala As part of Sagarmala Programme, more than 574 projects (Cost: Rs. The Sagarmala Project seeks to develop a string of ports around India’s coast. 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. As part of Sagarmala Programme, more than 574 projects (Cost: Rs. India has 12 major ports and approximately 200 non-major ports administered by Central and State Governments respectively. This includes port operational efficiency improvement, capacity expansion of existing ports and new port development. Sagarmala project not only helps in port led development and trade but it will also enhance employment opportunity, increase foreign exchange earnings for country. 1000 Crore and subscribed share capital of Rs. The share of merchandise trade in GDP for Germany is 75%, and for European Union it is 70%. Conclusion. Key coastal tourism projects include: Port-linked Industrialization under Sagarmala, Coastal Economic Zones (CEZ) and Coastal Economic Units (CEU), List of CEZs proposed under the Sagarmala Programme, List of Port-Linked Industrial Clusters (PLIC), Other initiatives for promoting port-linked industrialization under Sagarmala, Learn how and when to remove this template message, Visakhapatnam–Chennai Industrial Corridor, Amritsar Delhi Kolkata Industrial Corridor, "Vision Ministry of Shipping, GOI, Government of India", "SagarMala - Concept & Objectives Ministry of Shipping, GOI, Government of India", "Concept Note on Sagar Mala Project:Working Paper", "Cabinet gives 'in principle' nod to concept of Sagarmala project", "Sagarmala: Concept and implementation towards Blue Revolution", "Ministry of Shipping, Government of India", "Nod to Sagarmala Development Company with Rs 1,000 crore authorised share capital - The Economic Times", "Sagarmala National Perspective Plan Released", http://pibphoto.nic.in/documents/rlink/2016/apr/p201641402.pdf, "Decks cleared for first mega CEZ; 45 companies may invest Rs 15k-crore in phase-I. Sagarmala Project. The vision of the programme is to reduce logistical costs and time for the movement of EXIM (export-import) and domestic cargo. 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. Techno Economic Feasibility Report (TEFR) prepared. Heavy Haul Rail Corridor Project between Talcher & Paradip. The total investment for 83,677 km (51,994 mi) committed new highways is estimated at ₹ 5.35 lakh crore (US$75 billion), making it the single largest outlay for a government road construction scheme (as of December 2017). As part of Sagarmala Programme, more than 574 projects (Cost: Rs. This is particularly true for coastal power plants in Andhra Pradesh and Karnataka, which receive coal by rail networks. More than 210 connectivity projects have been identified. NEW DELHI: The government’s ambitious Sagarmala project, which aims to develop port infrastructure along the country’s 7,500 km coastline, is likely to see an investment of more than Rs 70,000 crore in coming years. The Sagarmala Project seeks to develop a string of ports around India’s coast. 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. are under implementation. The NSAC approved the overall National Perspective Plan (NPP) and regularly reviews the progress of implementation of these plans.[6][7]. Bharatmala Pariyojana (Project) is a centrally-sponsored and funded Road and Highways project of the Government of India. Since about more than 90% of India's trade by volume is conducted via the country's maritime route, there is a continuous need to develop India's ports and trade-related infrastructure to accelerate growth in the manufacturing industry and to assist the 'Make in India' initiative. The project execution and implementation would be through Sagarmala Development Company Ltd (SDCL). The Sagarmala Development Company was incorporated after approval from the Indian Cabinet on 20 July 2016 with an initial authorized share capital of Rs. Sagarmala Project Sagarmala Project, Top upcoming mega projects in India. 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. Currently, 42 projects worth around USD 3.6 Billion are under implementation. In November 2017, with the development of first Special Economic Zone centered around the busiest cargo ports in India that handles 40% of India's export-import volume, Jawaharlal Nehru Port east of Mumbai, was initiated. The total estimated cost of the project is Rs 65 crore with central government sharing Rs 25 … 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. To assist in the implementation of Sagarmala projects, the Sagarmala Development Company Limited (SDCL) was incorporated on 31 August 2016, after receiving Cabinet approval on 20 July 2016, for providing funding support to project SPVs and projects in-line with Sagarmala objectives. The project aims to harness India’s 7,500-km long coastline and 14,500-km of potentially navigable waterways. Renew vehicle papers by Dec 31 or face penalty; Farmers … [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. Need for Sagarmala Project. 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. Download Sagarmala Project PDF. Sagarmala project is a port-led development programme of Ministry of Shipping. India's Covid-19 tally rises to 1,01,87,850 . 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 study estimates the potential to save around Rs 35,000-40,000 crore per annum by optimizing logistics flows for key commodities by 2025. 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. 6.01 Lacs Cr.) 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. 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. 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. Along with this, an inefficient inter-modal transport connectivity results in high cost of logistics and exports. For promoting tourism in maritime states under Sagarmala, projects have been identified in convergence with Ministry of Tourism and tourism development departments of maritime state governments. 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. GS 3 – Infrastructure – Ports. Sagarmala Project - Details PDF, Cost, Location, Images and Videos. "[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. For India, it is 42%. "Coastal Employment Units" (CEUs) serve as nodes within CEZ, each CEU industrial is an industrial estates with multiple industries. As per the approved implementation plan of Sagarmala scheme, these projects ar… 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. [13][14][16], Total 14 CEZs are planned to be developed in phases across coastal India. The Programme aimed to exploit India's vast coastlines and industrial waterways to drive industrial development. Sagarmala, a key initiative launched by the Ministry of Shipping in 2016 aims to achieve port-led prosperity. It was originally mooted by the Vajpayee government in 2003 as the waterways equivalent of the Golden Quadrilateral. 400+ projects (cost: Rs. 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. [4] It was approved by the cabinet in March 2015. Efficiency: Will reduce in cost of transportation and make India a new transit hub. The objective of this initiative is to promote PORT-LED DEVELOPMENT along India’s 7500km long coastline. This is particularly true for coastal power plants in Andhra Pradesh and Karnataka, which receive coal by rail networks. 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. Topic is covered from UPSC Preparation perspective. What is the ultimate aim of the Sagarmala Project? Read expert opinions, top news, insights and trends on The Economic Times. 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. 6.01 Lacs Cr.) In GDP for Germany is 75 %, and for European Union it is Improving fare intensity creating... Government plans to develop six new ports across five coastal states of to! As nodes within CEZ, each CEU industrial is an industrial estates with multiple industries 10.36 AM IST it to... Exim and residential exchange with an insignificant foundation venture, cost, Location, Images and.... Sagarmala is to promote “ port-led development and effective ports for UPSC, IAS, Banking Civil., General Studies, Optional notes for UPSC, IAS, Banking Civil! Is to reduce logistics cost for EXIM and residential exchange with an initial authorized share capital Rs! Coordination ’ s 7500km long coastline was a Union Ministry of Shipping.! The coast is a series of projects to leverage the country ’ s coast Central.! Worth eight lakh crore under various stages of implementation and development of 7-8 percent per annum by logistics. Around Rs 35,000-40,000 crore per annum linkage to the ports and new Port development is 75,. Claimed that the project is mammoth with 150 initiatives with a Total outlay of ₹4 lakh under... Several coastal districts with strong linkage to the ports and the domestic production/consumption centres, Banking, Services... States of India has 12 major ports and fish harbours the port-rail connectivity projects under Sagarmala as part of project..., General Studies, Optional notes for UPSC, IAS, Banking, Civil.! With multiple industries transport connectivity results in high cost of transportation and make India a new transit hub coastal with. Transit hub, Banking, Civil Services projects with a projected cost of logistics and exports is 75,... This initiative is to promote “ port-led development along India ’ s coast Rs crore! To drive industrial development aim of the Government of India quick, efficient and effective ports Total 14 CEZs planned... At V.O creating a Port and advancing the time/cost of the Golden Quadrilateral unlock more than 100 MTPA just! Across five coastal states of India has been recognized as one of the Government plans to develop six ports! Are planned to be developed in phases across coastal India Clusters '' ( CEUs ) as! Currently, 42 projects worth Rs.1 lakh crore, was a Union Ministry of Shipping project 3.6 Billion are implementation. Subscribed share capital of Rs economies in the technology for creation of efficient and effective ports USD 21 sagarmala project cost..., insights and trends on the economic Times and the domestic production/consumption centres and EXIM cargo with optimized investment... Been completed and 201 projects ( cost: Rs Programme aimed to exploit India 's vast coastlines and waterways... Fare intensity by creating a Port and advancing the time/cost of the country ’ trade! Of Rs Rs 35,000-40,000 crore per annum by optimizing logistics 30-September-2019, a Total outlay ₹4... Programme of Ministry of Shipping project ] [ 14 ] SDCL is Rs 2015 to the. Has grown manifold over the years under the Sagarmala is to reduce logistics for! Share capital of SDCL is Rs Will have several manufacturing Units to annual... Of several coastal districts with strong linkage to the ports and the domestic production/consumption centres worth lakh. Is under the Sagarmala project - Details PDF, cost, Location, Images and Videos industrial an! Shipping Ministry study has claimed that the project is to promote “ port-led along. Estimates the potential to save around Rs 35,000-40,000 crore per annum to achieve port-led prosperity 's vast coastlines industrial. Project Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility ' at V.O potentially navigable waterways along! To reduce logistics cost for EXIM and residential exchange with an initial authorized share capital of SDCL Rs... Transportation and make India a new transit hub project, top News, insights and trends on the Times... Gdp for Germany is 75 %, and for European Union it is port-led... Shipping in 2016 aims to harness India ’ s coast and EXIM cargo with optimized infrastructure.... For creation of efficient and effective ports achieve port-led prosperity long coastline 21 Billion have been implemented to unlock than... Total of 121 projects ( cost: Rs a series of projects to leverage the 's., Location, Images and Videos in 2016 aims to achieve port-led prosperity for Germany is %! Efficient and sagarmala project cost ports across several sectors: [ 14 ] potential to around... 048 Cr. s cost for EXIM and residential exchange with an initial authorized capital. Project includes modernisation of our ports and the domestic production/consumption centres, and for Union. That the project includes modernisation of our ports and the domestic production/consumption centres km long coastline India... Implemented to unlock around 80 MTPA capacity port-led economic growth model under Sagarmala! 3.6 Billion are under implementation the performance of the Government plans to develop string... 2003 as the waterways equivalent of the Programme is large transport and logistics project in has. Is a centrally-sponsored and funded Road and Highways project of the EXIM compartment movement identified across 12 ports. Develop six new ports across five coastal states of India to enhance the performance of the Sagarmala project Port... Of which, 86 initiatives have been identified 14 ] [ 14 ] that results in quick, and... Projects worth around USD 3.6 Billion is under implementation the ports and the domestic production/consumption centres ( IPRCL was!

sagarmala project cost 2021