GROWTH OF INDIAN MARITIME SECTOR





Government has launched the Sagarmala Programme with the objective of fostering port-led development, reducing logistics costs, and accelerating economic growth. The programme includes projects from various categories such as modernisation of existing ports and terminals, construction of RoRo/ RoPax& tourism jetties, enhancement of port connectivity, fishing harbours, skill development and technology centres, etc. There are 839 projects worth investment of ~Rs. 5.8 Lakh crore for implementation under the Sagarmala Programme. Out of which, 241 projects worth ~Rs. 1.22 lakh crore have been completed. These projects are being implemented by relevant central ministries, state governments, major ports, and includes projects supported under PPP, internal resources of Ports, and Equity Investments. Projects having high social impact but with no return or low Internal Rate of Return are being provided financial assistance under the Sagarmala Scheme of Ministry of Ports, Shipping and Waterways. Till date, a total of 171 projects worth Rs. 4525 Cr. have been supported under Sagarmala scheme for partial funding. Out of 171 projects, 55 projects have been completed.


More than 60,000 candidates have been trained under various initiatives of Sagarmala Programme, including DeenDayalUpadhayayGrameenKaushalyaYojana convergence, Multi Skill Development Centre, Alang Safety Training Institute and Centre of Excellence in Maritime and Ship Building.

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