Browse By

21 Sagarmala projects

21 Sagarmala projects

Source: Ennore Port.

Source: Ennore Port.

Railways Ministry will implement 21 port-rail connectivity projects, worth more than Rs20,000 crores, under the Sagarmala programme of the Shipping Ministry for promoting port-led development in India.

In addition, another six projects are being considered by the Indian Port Rail Corporation Limited (IPRCL).

IPRCL, incorporated by Shipping Ministry, has already awarded three projects for Vishakhapatnam and Chennai ports for quick evacuation of cargo. Another 19 projects are in the pipeline.

More than 150 projects have been identified, involving investment of over Rs4 lac crore over a period of 10 years. These projects are expected to generate annual logistics cost savings of close to Rs35,000 crore and provide boost to India’s merchandise exports by $110 billion by 2025.

Sagarmala has 4 major objectives: i) Port Modernization & New Port Development;  ii) Port Connectivity Enhancement; iii) Port-led Industrialization and iv) Coastal Community Development. fii-news.com

Share this post.Share on Facebook0Tweet about this on TwitterShare on LinkedIn0Email this to someone

One thought on “21 Sagarmala projects”

  1. Deep Singhania says:

    This is a very important growth led initiative by indian Govt. It will bring tremendous long term benefits to India. Exciting times ahead.

Leave a Reply

Your email address will not be published. Required fields are marked *