Sagarmala: National Perspective Plan Released By Prime Minister

Sagarmala project that is a proposal for the enhancement of the Indian Ports facility and the perpactive plan for this was launced by the Prime Minister Shri Narendra Modi today the government’s flagship program to promote port-led development in the country at the inauguration of the Maritime India Summit in Mumbai.

The Sagarmala National Perspective Plan identifies specific opportunities for transportation of commodities such as thermal coal, fertilisers, foodgrains, cement and steel by coastal shipping and inland waterways, this can provide tailwinds to shipping business india and better connectivity of inland ports india and the various shipping ports in India.

As per the reports, the estimated cost saving from this program can result in annual logistics savings of around Rs 35,000 crore and can leverage India’s merchandise exports to $110 billion by 2025. This will also create new openings  and anticipated new job opening of around one crore new and with 40 lakhs  direct employment opportunities..

The prime objective of the Sagarmala project is to have an impact through over 150 projects with focus in four broad areas.

• Have an enhanced and modern infrastructure facilitues available at various port in India
• Proposal of building 5 to 6 ports.
• More that 40 port-capacity to be enhanced.
• Further more not just capacity enhancement the sagarmala port project will result in a an advance infrastructure facility through the mechanization of berths and deepening of drafts to accommodate larger vessels.

The nation has a coastline of about 7,500 Kms that runs across 13 states and Union Territories; this also favors the country with a strategic location on key international trade routes. The Sagarmala programme, led by the Ministry of Shipping, aims to replicate the successes of other countries like United States, Japan, Korea and China, have influenced their coastline and waterways to drive industrial development.

With the implementation of the sagarmala programme, the potential of coastal communities will be harnessed by focused skill-development to support port-led industrialization.The Sagarmala National Perspective Plan identifies specific opportunities for transportation of commodities such as thermal coal, fertilisers, foodgrains, cement and steel by coastal shipping and inland waterways. Not just industrial transportation but also will have a direct impact on the development of fishermen and the local communities along the coastlines across the nation. In terms of economic impact, the program envisages investments of close to Rs 4 lakh crore to flow into infrastructure.

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