India's Sagarmala Completes 89 Projects
Sagarmala Programme, an initiative of Government of India to enhance the performance of logistics sector in India, saw the completion of 89 projects, while 443 projects worth USD 5.9 bln are under various stages of implementation and development.
SagarmalaProgrammeaims to promote port-led development with a view to reducing logistics cost for EXIM and domestic trade.
Ministry of Shipping, along with the State Governments are striving to increase the overall port capacity to 3500+ million metric tonnes per annum (MMTPA) to cater to the projected traffic of 2500 MMTPA by 2025.
Towards this end, 249 port modernization projects have been identified. Out of these, 107 port capacity expansion projects were identified from the port master plans of 12 major ports and are expected to add 794 MMTPA to the major port capacity over the next 20 years.
As per the Berthing Policy for Major Ports ,2016 approved by the Ministry of Shipping, a standardized methodology was laid down to calculate norms for dry bulk berths. An exercise was undertaken to benchmark port capacity with global standards set by the berthing policy and re-rate the capacities of major ports.
The Declared capacity of major ports was 1066 MTPA as on 31.3.2017. After the re-rating exercise, the effective rated capacity and desired occupancy of major ports as on 31.3.2017 were 1359 MTPA and 989 MTPA respectively.