Sagar Mala project
| Sagar Mala project | |
|---|---|
| Country | India |
| Prime Minister(s) | Narendra Modi |
| Ministry | Ministry of Shipping |
| Key people | Nitin Gadkari |
| Established | 31 July 2015 |
| Status: Active | |
Sagar Mala project is a strategic and customer-oriented initiative of the Government of India to modernize India's Ports so that port-led development can be augmented and coastlines can be developed to contribute in India's growth. It looks towards "transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas.[1]
Background
On 25 March 2015 Cabinet gave approval for this project to develop 12 ports of India and also 1208 Islands.[2] The project was launched by Ministry of Shipping (the nodal ministry for this initiative) in Karnataka on 31 July 2015 at Hotel Taj West End, Bangalore.[3] A National Sagarmala Apex Committee (NSAC), composed of the Minister incharge of Shipping, with Cabinet Ministers from stakeholder Ministries and Chief Ministers / Ministers incharge of ports of maritime states as members, will provide policy direction and guidance for the initiative’s implementation, shall approve the overall National Perspective Plan (NPP) and review the progress of implementation of these plans.[4][5]
The programme aims to promote port-led development in the country by harnessing India's 7,500-km long coastline, 14,500-km of potentially navigable waterways and strategic location on key international maritime trade routes.[6]
36 projects have been proposed by the Andhra Pradesh government for Sagarmala. Indian coastline will be developed as Coastal Economic Regions (CER).[7]
The Sagarmala Development Company was given the nod for incorporation by Indian Cabinet on 20th July 2016 with an initial authorized share capital of Rs 1000 Crore and subscribed share capital of Rs 90 Crore, to give a push to port-led development.[8]
The Sagarmala National Perspective Plan was released on 14-April-2016[9] with details on Project Plan and Implementation.[10]
Proposed Ports
Six megaports are planned in Sagarmala project.
Finance
The Union Minister of Shipping on 5 October 2015 said, "The project includes modernization of our ports and islands, setting up of coastal economic zones, new major ports and fish harbors. We expect that the total investment in the project would be to the tune of ₹700 billion (US$8.4 billion)."[11]
See also
References
- ^ "Concept Note on Sagar Mala Project:Working Paper" (PDF). Ministry of Shipping, Government of India. Retrieved 4 July 2015.
- ^ "Cabinet gives 'in principle' nod to concept of Sagarmala project". Economic Times, Times of India. 27 March 2015.
- ^ Sagarmala project launched, 4 August 2015
- ^ "Sagarmala: Concept and implementation towards Blue Revolution". Press Information Bureau. 25 March 2015.
- ^ http://shipmin.nic.in/showfile.php?lid=2217
- ^ "One crore jobs in shipping, ports under Sagarmala: Nitin Gadkari", The Economic Times, 9 April 2016
- ^ "AP government proposes 36 plans for Sagarmala project", The Deccan Chronicle, 10 April 2016
- ^ http://economictimes.indiatimes.com/news/economy/policy/nod-to-sagarmala-development-company-with-rs-1000-crore-authorised-share-capital/articleshow/53308267.cms
- ^ http://pib.nic.in/newsite/PrintRelease.aspx?relid=138881
- ^ http://pibphoto.nic.in/documents/rlink/2016/apr/p201641402.pdf
- ^ Sagarmala project: Government to spend Rs 70,000 crore on 12 major ports, says Nitin Gadkari, The Economic Times, 6 October 2015