The project to boost coastal shipping to 400 million tons per annum
Geetanjali Minhas | April 15, 2016 | Mumbai
Union Minister for road transport and highways and shipping, Nitin Gadkari has claimed that Sagarmala Port Project, which will get completed in 5 years, will add to industrial growth and create many new jobs.
Speaking at the Maritime Summit in Mumbai on Thursday, the minister said work with an estimate of 50 billion US $ investment is in progress.
“Coastal shipping will increase from 80 million tons annually to 400 million tons annually by 2035. Sagarmala will create 10 million jobs. Cargo will grow 12.5 times from 972 million tons per year to 2500 million tons per year by 2020. Port capacity will be doubled up from 1500 million tons per annum to 3000 million tons per annum.
Sagarmala National Perspective Plan launched by prime minister Narendra Modi will boost India’s 7500 km long coastline and 111 waterways. It is an amalgamation of 150 projects categorised into port modernisation, connectivity, port led industrialisation, and coastal community development. The government plans investments of Rs 12 lakh crore into various programmes.
Outlining figures, Gadkari said that Port led industrialisation is rupees one lakh crore infrastructure investment. Rs 4 lakh crores will be spent on infrastructure and Rs 8 lakh crore on industrial and marine cluster investment i.e., power and steel manufacturing.
For port connectivity, 30 billion US dollar investment is expected and reduced logistics cost will compete with international market leading to increase in exports and generation of jobs. Coastal Community Development, will have an investment of 5 million US dolllar.
Gadkari said that 14 zonal economic zones have been identified in energy, cement and steel sector. The clusters will boost India’s export by 110 billion US dollar.
While reading down Section 377 of the Indian Penal Code, the supreme court acknowledged the apology that Indian society owes to people with sexual minority identities. This acknowledgement has evoked deep validation amongst people who identify themselves as queer, lesbian, gay, bisexual or transgender. A
With about 23 million passengers on an average day, the Indian Railways itself is the size of a small country. When India plans to significantly increase the share of renewable energy in its consumption pie, the railways too aims to meet at least 10-15 percent of its energy demand from renewable sources
Even as the railways minister Piyush Goyal lays thrust on the 100 percent electrification of entire rail network by 2022, the task cut out for the railways seems to be a strenuous one as it comes with multifarious challenges. Indian Railways has said that it would electrify 38,000 route kilo
Prime minister Modi and president Putin’s meeting at the 19th Indo-Russian summit in New Delhi on October 5 has set a new pace for a ‘special and privileged strategic partnership’ between the two nations. This has come in the aftermath of the Modi-Putin informal meeting at Sochi on May
When the supreme court ruled that women of menstruating age cannot be prevented from going to the Ayyappa shrine in Sabarimala, political parties in Kerala hailed it as a historic victory for gender equality. But now the streets of Kerala are full of men and women protesting against the court order and b
For the past fortnight, Gujarat has witnessed an exodus of migrants from Hindi-speaking states like Uttar Pradesh and Bihar. The migrants, mostly of the labouring classes, have been attacked by locals after a 14-month old girl was raped, allegedly by a Bihari whom the police have arrested. The rape survivo