150 Sagarmala projects to mobilise over `4 trillion, create 1 crore jobs
“More than 150 projects have been identified as part of the National Perspective Plan (NPP) under the ambitious Sagarmala programme.
The projects will mobilise more than Rs 4 lakh crore of investment and enable creation of 1 crore new jobs, including 40 lakh direct jobs, in the next 10 years,” Ministry of Shipping said in a statement.
These projects have been identified across the areas of port modernisation and new port development, port connectivity enhancement, port-led industrial development and coastal community development, it said. The Centre’s Sagarmala 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.
The NPP has been developed under this programme for the comprehensive development of country’s coastline and maritime sector. The draft report submitted to Ministry of Road Transport and Highways, Nitin Gadkari in February 2016, had mentioned that to meet the future growth in cargo volumes, 50 projects have been identified to increase the port capacity from 1,400 million tonne per annum (mtpa) to 2,500 mtpa by 2025, at an investment of Rs 1 lakh crore.
“These projects include capacity augmentation at existing ports and development of 5-6 new ports, including a trans-shipment hub. In addition, 104 initiatives have been identified to improve major port efficiency,” the statement said. The report mentioned that to enhance the port connectivity to the country’s production and consumption centres, 65 projects have been proposed at an investment of more than Rs 2 lakh crore.