Petty players bet big on Sagarmala

    Petty players beg big on Sagarmala
    The Centre's mega and an ambitious coastal connectivity project, Sagarmala, is not just an opportunity for big companies like Adani Ports and Special Economic Zone, Essar, AP Moller, and J M Baxi, but also for petty players working behind the scenes such as Louis Berger, Aaecom India, and CH2M Hill India. As a matter of fact, port development requires a lot of construction work such as developing jetties, platforms, and berths, and these create business for such firms. For the same, the government has set up a company with objective to identify port-led development projects under Sagarmala and provide equity support for the special purpose vehicles set up by the ports, and state or central ministries, said official sources. It will provide funding and execute residual projects funded by other means. The execution of the identified projects will be taken up by ports, state governments, maritime boards, or central ministries, through public-private partnerships.
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