Sagarmala project to transform logistics sector, says steel minister

India could aspire for 25-30% of steel capacity to be at the coasts by 2025, says Singh

GN Bureau | November 8, 2017


#PSU   #RINL   #Sagarmala project   #Birender Singh   #transportation  

 Steel minister Chaudhury Birender Singh has said the Sagarmala project  would  transform  the  logistics sector  and  change  the  lives  of  people living  along the 7,500  km-long coastline in the country.

Singh flagged off the maiden coastal shipment of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel at the Visakhapatnam Port.
 
He said to make the requirement of steel exports, India could aspire for 25-30 percent of steel capacity to be at the coasts by 2025. “At present the logistic cost in India is amongst the highest in the world. But Sagarmala programme has the potential to unlock  full  potential  of  India’s  coast  line  and  waterways  and  make  logistics  sector  competitive  with  the world standards,” he pointed out.
 
He lauded RINL for foraying into sea trade to strengthen its relationship with coastal transportation for domestic requirements and said the enterprise should take advantage of  its  location for import of raw materials like coking coal and export of finished products. 
 
He said coastal  shipping  has  inherent  advantages  over  land  modes  of  transport  and  is environmentally friendly, energy efficient and relatively safe.  
 
Coastal shipping is cheaper than road or railways by 60-80 percent and reduces the burden on rail and road transport. The minister observed that an overall cost saving of around Rs 40,000 crore per annum  is estimated from this project by 2025. 
 

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