Sagarmala Aims to Promote Port-Led Development in India
To exploit the potential of India’s approximately 7,500 km long coastline and 14,500km of potentially navigable waterways the Sagarmala Programme aims to promote port-led development in the country, says the government of India. Sagarmala is a long term programme. The objectives of the Sagarmala Programme are Port modernization & new port development, enhancing port connectivity to hinterland, port led Industrialization and coastal community development. The programme involves drawing up a National Perspective Plan(NPP) for Port Modernization & New Port Development, Port Connectivity Enhancement, Port-Led Industrial Development and Coastal Community Development as a first step for an integrated approach to port led development.
India: New Opportunities Unveiled in Shipping Sector
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping this year for the development of the maritime sector in the country. The key initiatives includes Sagarmala Project, Special Purpose Vehicle to provide efficient last mile rail connectivity to Major Ports, Incentive for Shipbuilding and ship-repair Industry, Jal Marg Vikas Project, Customs and Excise Duty Exempted on the Use of Bunker Fuels for coastal transportation of EXIM and empty container and for domestic containers transported alongwith EXIM and empty containers, Cabotage Relaxed for Special Vessels and Developing 78 lighthouses as tourism centers.
