172 Projects Worth Over Rs 88,000 Crore Completed Under Sagarmala Programme, Govt Informs Rajya Sabha

Under the Sagarmala Programme, 172 projects worth Rs 88,235 crore have been completed, and 235 projects worth Rs 2.16 lakh crore are under implementation.

Further, 395 projects worth Rs 2.48 Lakh crore are under various stages of development.

This information was given by the Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal in a written reply in Rajya Sabha on Monday (2 August).

“The vision of Sagarmala is to reduce logistics cost for both domestic and EXIM cargo with minimal infrastructure investment. Studies under Sagarmala have identified opportunities for reducing overall logistics costs, thereby improving the overall efficiency of the economy and increasing competitiveness of exports,” Ministry of Ports, Shipping and Waterways said.

Sagarmala project, a vital enabler of the ‘Make in India’ programme, is reviving the efficiency of the Indian ports.

Through the Sagarmala Programme, the government aims to modernise the ports and integrate them with special economic zones (SEZs), port-based smart cities, industrial parks, warehouses, logistics parks and transport corridors.

In March 2021, addressing Maritime India Summit, Prime Minister Narendra Modi underscored that India would invest USD 82 billion in port projects by 2035, develop waterways, augment seaplane services and boost tourism around lighthouses.

PM Modi informed that the Ministry of Port Shipping and Waterways had created a list of 400 investable projects. These projects have an investment potential of $31 billion or Rs 2.25 lakh crore.