Sagarmala Project - Details PDF, Cost, Location, Images and Videos - Sagarmala Programme is large transport and logistics project in India. Maritime sector in India has been the backbone of the country’s trade and has grown manifold over the years. With its long coastline, India offers great potential for developing offshore renewable energy and government has accorded due priority to attract investment in this area. What You Can Do If Your Business Partner Absconds? The need exists as does the opportunity to develop India’s coastal potential and while it was Atal Bihari Vajpayee who dreamt of it, the credit for its launch and implementation will remain with PM Modi. The main idea of The Sagar Mala project is to transform the existing ports into modern world class ports and to develop 6+ new top notch ports. However, more than 90% of coal currently moves via railways. Which States have been Given Special Provisions by the Constitution of India? Reduction in logistics cost will give impetus to our manufacturing sector and enhance export competitiveness. The synergistic and coordinated development of the above four components, namely logistics intensive industries, efficient ports, seamless connectivity and requisite skill-base - leads to unlocking of economic value. India is one of the fastest growing large economies in the world with a GDP growth rate of 7.5% in 2015-16 and ports play an important role in the overall economic development of the country. An Inter-Ministerial Committee (IMC) was constituted under the aegis of NITI Aayog for development of CEZs in India. Which ministry is implementing the Sagarmala Seaplane services? Vision of the Sagarmala Programme is to reduce logistics cost for EXIM and domestic trade with minimal infrastructure investment. It is the Partner project of Make in India. Sagarmala. Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. Pradhan Mantri Kaushal Vikas Yojana Under Sagarmala, 577 projects at an estimated investment of US$120 billion have been identified for phase-wise implementation over the period 2015 to 2035. NEW DELHI: The government’s ambitious Sagarmala project, which aims to develop port infrastructure along the country’s 7,500 km coastline, is likely to see an investment of more than Rs 70,000 crore in coming years. Sagarmala Project Details | Latest Current Affairs. It is estimated that coastal shipping traffic of about 180-200 MMTPA can be achieved from current and planned capacities across coal, cement, iron and steel, food grains, fertilizers, POL by 2025. In consideration of the above, National Waterways 1, 2, 4 and 5 can be developed to play an important role in transportation. The NPP will identify suitable geographical locations along the coast to develop as CEZs. Developing integrated transport infrastructure for connecting the coast to the hinterland. While cost differential between India and China is not significant on a per tonne km basis, China still has a lower container exporting cost, than the cost in India, due to lower lead distances . Some of this will be direct cost savings, while others are savings from inventory-handling costs resulting from time (and reduced variability) in transportation of goods, particularly containers. The SDC will be mandated to prepare Detailed Master Plans for various proposed zones within a period of two years and submit a business plan within six months. Pipelines are predominantly used only for transporting crude oil, refined petroleum products and natural gas. Know what the project is about, how does a seaplane work, what are its requirements, benefits etc here. However, this bar was not put on the skill development projects in the coastal region, wherein the Government of India showed readiness to fund upto 100 percent of the project cost,” the GMB release added. Explore investment projects under SagarMala scheme at IIG & connect now for investment details! Jawaharlal Nehru Port Trust, which is one of the 12 major ports in India, will receive Rs 4,000 crore to develop its SEZ. The State Maritime Board or the State Port Development will report to the SSC and monitor and implement projects in the state.
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