26-12-2024
10:04 AM
The Sagarmala Project is an initiative launched by the Government of India to improve the port connectivity and reform the logistics sector. The project aims to harness the potential of India’s vast coastline and waterways that would revolutionise logistics efficiency. The vision of Sagarmala Project is to reduce the logistics costs for both the domestic and EXIM Cargo while managing the optimal infrastructure investment. In this article we are going to discuss the key objectives, components and importance of the Sagarmala Project.
The Sagarmala Project was launched in 2015 by the Government of India as an infrastructure initiative that aims to revolutionise India’s coastal infrastructure, improving port connectivity and boosting maritime trade. The project creates an integrated network of ports, waterways and infrastructure that supports India in becoming a global maritime hub.
Some of the recent developments of Sagarmala Project includes:
The Sagarmala Project continues to drive significant advancements in India's maritime infrastructure, fostering economic growth and regional development.
The Sagarmala Project has the objective of improving the infrastructure and growth of ports in India, thus enhancing the connectivity and commercial exchange along the coastline. This project is expected to boost the Indian Economy and productivity by strengthening the domestic and international trade relations.
The scheme aims to increase the private sector participation and reduce the logistics costs at Indian ports. The project will create an industrial ecosystem near ports and reduce the logistic costs and improve the manufacturing clusters in nearby proximity in these hubs. This could optimize the transportation connectivity in between roads, inland waterways, railways and air transport.
The Sagarmala program consists of several key components aimed at transforming India's maritime sector:
India's vast 7,500 km coastline underscores the critical importance of port connectivity in driving economic growth and development across the country. The Sagarmala project is designed to foster nationwide economic progress, aligning with the government's vision of ‘Sabka Sath, Sabka Vikas, Sabka Vishwas, Sabka Prayas.’ This initiative is crucial to realizing the goal of an Atmanirbhar Bharat, a self-reliant India.
Port development is particularly significant given that 95% of India’s merchandise trade by volume is handled through seaports, highlighting the vital role these ports play in the nation's economic framework.
Q1. What is the Sagarmala Project?
Ans. The Sagarmala Project aimed at enhancing port connectivity, modernizing ports, and boosting maritime trade and logistics.
Q2. What is the difference between Bharatmala and Sagarmala?
Ans. Bharatmala focuses on enhancing national highway connectivity, while Sagarmala aims to develop port infrastructure and improve maritime trade and connectivity.
Q3. What are the 6 mega ports under Sagarmala?
Ans. The six mega ports under Sagarmala are Mumbai, Kolkata, Chennai, Visakhapatnam, Cochin, and Jawaharlal Nehru Port.
Q4. What is the importance of Sagarmala?
Ans. Sagarmala is crucial for boosting India's economic growth by improving port infrastructure, reducing logistics costs, and enhancing connectivity for trade and industrial development.
Q5. How many states are there in Sagarmala Project?
Ans. The Sagarmala Project involves the development of ports and infrastructure across 13 coastal states and Union Territories of India.
Q6. How many ports are being built in India?
Ans. Under the Sagarmala Project, around 200 projects are being developed, including the construction of new ports and modernization of existing ones.
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