Govt unveils Rs. 4 lakh-cr waterways

Sagarmala Program
In order to fast track the mega waterways project, the government has recently identified over 150 projects under its ambitious 'Sagarmala' initiative entailing an investment worth Rs 4 lakh-cr as a part of the National Perspective Plan (NPP) under the ambitious Sagarmala program. The projects will mobilize the required funds and enable creation huge job generation avenues in the next 10 years.

The projects have been identified across the areas of port modernization and new port development, port connectivity enhancement, port-led industrial development and coastal community development. The Centre's Sagarmala programme aims to promote port-led development in the country by 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 NPP has been developed under this programme for the comprehensive development of country's coastline and maritime sector. The draft report submitted to Ministry of Road Transport and Highways has mentioned that to meet the future growth in cargo volumes, 50 projects have been identified to increase the port capacity from 1,400 million tonne per annum (MTPA) to 2,500 MTPA by 2025, at an investment of Rs 1 lakh-cr, said official sources.