Shipping of coal via ports can lead to estimated savings of about US$1.4 billion (Rs 10,000 crore) in the power sector. For ex. Out of which, 86 initiatives have been implemented to unlock around 80 MTPA capacity. He said that port modernisation and capacity augmentation, port connectivity including coastal shipping and inland waterways, port-led industrialisation and development of coastal communities such as fishermen were the four main … Sagarmala Seaplane Services Project To Kick Off Soon By PragativadiNews 1 On Jan 4, 2021 9 New Delhi: Ministry of Ports, Shipping and Waterways is initiating the process of commencing operations of the Seaplane services, on the select routes, under a Special Purpose Vehicle (SPV) framework through prospective airline operators. Nodal Ministry- The Union Ministry of Shipping It looks towards transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the… Technology – India is still lagging behind in the technology for creation of efficient and effective ports. Port-connectivity enhancement under Sagarmala. GS 3 – Infrastructure – Ports. The Sagarmala project also aims to shift the movement of coal to the coastal route, which would cut down electricity costs by up to 35 percent. The Sagarmala Project seeks to develop a string of ports around India’s coast. Sagarmala Project - Details PDF, Cost, Location, Images and Videos. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. Sagarmala, a key initiative launched by the Ministry of Shipping in 2016 aims to achieve port-led prosperity. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. As per the studies conducted under the Sagarmala Programme, it is expected that by 2025, cargo traffic at Indian ports will be approximately 2500 million tonnes per year while the current cargo handling capacity of Indian ports is only 1500 million tonnes per year. Coastal movement of coal could cut power costs by 50 paise per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has … 8.5 trillion (2018) to set up new mega ports, modernizing India's existing ports, developing of 14 Coastal Economic Zones (CEZs) and Coastal Economic Units, enhancing port connectivity via road, rail, multi-modal logistics parks, pipelines & waterways and promoting coastal community development, with the aim of boosting merchandise exports by US$110 billion and generating around 10,000,000 direct and indirect jobs. The Sagarmala Development Company Limited (SDCL) has been incorporated on 31st August 2016 under the Companies Act, 2013, after obtaining approval of the Union Cabinet on 20th July 2016. India's Covid-19 tally rises to 1,01,87,850 . Sagarmala, integrated with the development of inland waterways, is expected to reduce cost and time for transporting goods, benefiting industries and export/import trade. Bharatmala Pariyojana (Project) is a centrally-sponsored and funded Road and Highways project of the Government of India. It is a series of projects aimed at harnessing the country’s 7,500 Km long coastline and inland waterways for industrial development. [13][14][16], Total 14 CEZs are planned to be developed in phases across coastal India. It was originally mooted by the Vajpayee government in 2003 as the waterways equivalent of the Golden Quadrilateral. Sectors targeted for manufacturing units are maritime and inland waterways, water transport, coastal and cruise shipping, and solar and wind energy generation, auto, telecom and IT, etc. As per the approved implementation plan of Sagarmala scheme, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private/PPP mode. The project is mammoth with 150 initiatives with a total outlay of ₹4 lakh crore, spread across four broad areas. The Indian Port Rail Corporation Limited (IPRCL) was incorporated on 10 July 2015 to undertake the port-rail connectivity projects under Sagarmala Programme. Find the importance of Modi's Sagarmala Initiative, its benefits, opinion, … 30,228 Cr) have been completed and 201 projects (cost: Rs.309, 048 Cr.) have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. Introduction. 1000 Crore and subscribed share capital of Rs. The consolidated Sagarmala project proposes to execute nearly 400 different projects along the coastline at a whopping cost of nearly ₹8 lakh crore in the next two decades. Projects under Sagarmala As part of Sagarmala Programme, more than 574 projects (Cost: Rs. Aggarwal said that as part of Sagarmala, estimated to cost over Rs 8 lakh crore, 562 projects would be taken up in the country between 2015 and 2035. The total estimated cost of the project is Rs 65 crore with central government sharing Rs 25 … Topic is covered from UPSC Preparation perspective. It was originally mooted by the Vajpayee government in 2003 as the waterways equivalent of the Golden Quadrilateral. Under Project Unnati, the global benchmarks were adopted to improve the efficiency and productivity KPIs for 12 major ports. "[3], The Sagarmala Programme was originally mooted by the National Democratic Alliance (India) government under Atal Bihari Vajpayee in 2003 as the maritime equivalent to the Golden Quadrilateral, another project under his government in the roads and highways sector. To assist in the implementation of Sagarmala projects, the Sagarmala Development Company Limited (SDCL) was incorporated on 31 August 2016, after receiving Cabinet approval on 20 July 2016, for providing funding support to project SPVs and projects in-line with Sagarmala objectives. Read expert opinions, top news, insights and trends on The Economic Times. Under the Sagarmala initiative, the Government plans to develop six new ports across five coastal states of India. [14], Of the 51, ₹44,600 crore (equivalent to ₹480 billion, US$6.7 billion or €6.2 billion in 2019) port connectivity rail projects, 11 projects are already complete and rest are under execution. Each CEZ will cover economic region consisting of several coastal districts with strong linkage to the ports in that region. Need for Sagarmala Project. The programme envisages unlocking the potential of waterways and the coastline to minimize infrastructural investments required to meet these targets.[1][2]. are under implementation. Sagarmala project: Find Latest Stories, Special Reports, News & Pictures on Sagarmala project. Project under Sagarmala: As part of Sagarmala Programme, more than 574 projects (Cost: Rs. The share of merchandise trade in GDP for Germany is 75%, and for European Union it is 70%. Heavy Haul Rail Corridor Project between Talcher & Paradip. The objective of this initiative is to promote PORT-LED DEVELOPMENT along India’s 7500km long coastline. 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. Projects worth Rs.1 lakh Crore under various stages of implementation and development. [8] The present subscribed share capital of SDCL is Rs. Further, development of Smart Industrial Port City (SIPC) at Paradip and at Kandla ports and Coastal Employment Units (CEUs) at V.O. The vision of the programme is to reduce logistical costs and time for the movement of EXIM (export-import) and domestic cargo. NEW DELHI: A Shipping ministry study has claimed that the ambitious Sagarmala project could lead to an annual saving of Rs 40,000 crore by optimizing logistics. Key coastal tourism projects include: Port-linked Industrialization under Sagarmala, Coastal Economic Zones (CEZ) and Coastal Economic Units (CEU), List of CEZs proposed under the Sagarmala Programme, List of Port-Linked Industrial Clusters (PLIC), Other initiatives for promoting port-linked industrialization under Sagarmala, Learn how and when to remove this template message, Visakhapatnam–Chennai Industrial Corridor, Amritsar Delhi Kolkata Industrial Corridor, "Vision Ministry of Shipping, GOI, Government of India", "SagarMala - Concept & Objectives Ministry of Shipping, GOI, Government of India", "Concept Note on Sagar Mala Project:Working Paper", "Cabinet gives 'in principle' nod to concept of Sagarmala project", "Sagarmala: Concept and implementation towards Blue Revolution", "Ministry of Shipping, Government of India", "Nod to Sagarmala Development Company with Rs 1,000 crore authorised share capital - The Economic Times", "Sagarmala National Perspective Plan Released", http://pibphoto.nic.in/documents/rlink/2016/apr/p201641402.pdf, "Decks cleared for first mega CEZ; 45 companies may invest Rs 15k-crore in phase-I. Under Sagarmala Project, 415 projects, at an estimated investment of approximately 7.98500 Lakh crore (US$120 billion), have been identified across port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. [The] development of industrial capacities near the coast is a step in this direction. The Sagarmala project seeks to develop a string of ports around India’s coast. Efficiency: Will reduce in cost of transportation and make India a new transit hub. [13][14][15], Benefits include national GDP growth with ease of doing business by boosting export by US$100 billion, 150,000 job creation by 2025, reduction in export cargo logistics cost and time, and increased global competitiveness of Indian exports. 242.92 Crore released for 14 projects under Sagarmala; Some of the projects are: Rs.58.5 Crore released for capital dredging for #Gogha-Dahej ROPax Ferry Services project. The Sagarmala project will be implemented as well as all development activities will be taken up by the relevant ports, ministries, state governments, maritime boards through a PPP model. 90 Crore, to give a push to port-led development. [4] It was approved by the cabinet in March 2015. Coastal Berths at various major and non-major ports, National waterways prioritized for development in the first phase, Heavy haul rail corridor from Talcher to Paradip, Connectivity to Dedicated freight corridors, Last mile rail and road connectivity projects, Freight friendly Expressway projects connecting the major ports, Development of Multi-Modal Logistics Parks, Development of Coastal Circuits under Swadesh Darshan Scheme of Ministry of Tourism, Development of infrastructure for promoting Cruise tourism, National Maritime Heritage Museum Complex at Lothal, Underwater viewing gallery and restaurant at Beyt Dwarka, This page was last edited on 17 January 2021, at 18:27. This is particularly true for coastal power plants in Andhra Pradesh and Karnataka, which receive coal by rail networks. Sagarmala Project. Under the port modernisation plan, new port development and … The Sagarmala Programme is the flagship programme of the Ministry of Shipping to promote port-led development in the country by exploiting India's 7,517 km long coastline, 14,500 km of potentially navigable waterways and its strategic location on key international maritime trade routes. "Development of low-cost non-major ports along the coastline outside customs notified areas to cater to coastal traffic exclusively would be encouraged under the Sagarmala project, through the respective state/maritime boards, as has been done in the UK and Japan," it said. Visakhapatnam: Logistics costs would drastically come down and make the industry competitive once the ongoing Sagarmala project, launched in 2015, becomes operational, the project incharge and Joint Secretary in the Union Ministry of Shipping, Kailash Kumar Aggarwal, has said. have been identified for implementation, during 2015-2035, across the areas of port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development. The 7500 km long coastline of India has played a crucial role in achieving such high growth rates. As 30 September 2019, a total of 493 projects were under various stages of implementation, development and completion: Website Content Managed by Ministry of Ports, Shipping and Waterways, Ministry of Ports, Shipping and Waterways, Port Modernization & New Port Development, Under Implementation (including under tendering projects), Total Completed/Under Implementation/Under Development. Conclusion. Sagarmala Project - India's Port-led Development Programme - with the broad objectives of promoting port-led direct and indirect development and to provide infrastructure for transportation of goods to and from ports quickly and efficiently. Sagarmala Project. Pics: Abhijith N Kolpe. For India, it is 42%. It aims to develop access to new development regions with intermodal solutions and promotion of … Currently, 42 projects worth around USD 3.6 Billion are under implementation. What is the ultimate aim of the Sagarmala Project? It also aims at "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. As of 31-Mar-2018, a total of 492 projects (₹4.255630 lakh crore (equivalent to ₹4.6 trillion or US$64 billion in 2019)) were under various stages of implementation, development and completion. Conclusion. The vision of Sagarmala is to reduce logistics cost for both domestic and EXIM cargo with optimized infrastructure investment. sagarmala project Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility' at V.O. Each CEZs will also create synergy with industrial corridors passing through the region, such as Delhi–Mumbai Industrial Corridor Project, Mumbai-Bangalore economic corridor, Dedicated Freight Corridor, Chennai Bangalore Industrial Corridor, Visakhapatnam–Chennai Industrial Corridor and Amritsar Delhi Kolkata Industrial Corridor, etc. ", "Sagarmala Project proposes 14 coastal economic zones across India. The Sagarmala project aims to improve this. 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