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. 
 

Comments

 

Other News

“Cancer is just a mind game”

Dr. Ananda Shankar Jayant, a Padma Shri awardee, inspired audiences for decades through her mastery of Bharatanatyam and Kuchipudi. But it was her journey through cancer that taught some of life`s most powerful lessons in courage and resilience.

Why Swami Vivekananda is the pathfinder for our times

Swami Vivekananda for Our Times  Edited and compiled by Rajiv Sikri, with Introduction by S. Gurumurthy Rupa Publications, 552 pages, Rs 695  

Five ways to realise the potential of India’s handicraft and handloom sector

India`s economic ambitions are increasingly defined by the industries of the future. Semiconductors, electronics, artificial intelligence and advanced manufacturing dominate policy conversations. Yet one of India`s largest employment-intensive sectors continues to occupy a surprisingly marginal place in ec

Beyond toilets: Why open defecation persists in rural India

Despite the awareness campaigns on sanitation across India, open defecation (OD) is practised openly and widely in both rural and urban areas. Research shows that rural respondents are well aware of the negative impacts of OD, yet this awareness does not lead to toilet construction or use. In rural North I

What unpaid nation builders want from policymakers

The Supreme Court recently described homemakers as “nation builders” and fixed a notional monthly income of Rs 30,000 for them in motor accident compensation cases. The judgment was not about wages. It was about compensation. Yet it inadvertently raised a larger economic question: If a homemake

What the US–Iran peace deal means for India

After months of rising tensions, the United States and Iran have reached a memorandum of understanding called the "Islamabad Agreement." This agreement allows for the immediate reopening of the Strait of Hormuz without tolls and provides Iran with relief from sanctions, depending on its complianc





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter