Read expert opinions, top news, insights and trends on The Economic Times. Sagarmala Project It is a series of projects aimed at harnessing the country’s 7,500 Km long coastline and inland waterways for industrial development. The nitty-gritty of the Sagarmala project The Sagarmala project focuses on three pillars as per the Indian government: Supporting and enabling port-led development through appropriate policy and institutional interventions and providing for an institutional framework for ensuring inter-agency and ministries/departments/states’ collaboration for integrated development. 50 per cent is the cap of SAGARMALA PROJECT Shipping minister Mansukh Mandaviya inaugurates 'Direct Port Entry Facility' at V.O. Topic is covered from UPSC Preparation perspective. The commercial port is set to be expanded at a cost of Rs 1,993.54 crore ($298 million) under the Ministry of Shipping’s port modernisation and development programme, Sagarmala. The Sagarmala National Perspective Plan was released by the Prime Minister on 14-April-2016 [9] at the maiden Maritime India Summit 2016, with details on Project … The Sagarmala Development Company Sagarmala, when integrated with the development of inland waterways, will help to reduce cost and time for transporting goods, benefiting industries and export/import trade Importance of Sagarmala Project: Sagarmala Programme Values Project Cost (Rs Cr.) Project Theme No. The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. S. No. With the promotion of ‘Make in India’, merchandise export/import will get a significant surge and hence Sagarmala project will be a viable solution to reduce logistic cost. The key objective of Sagarmala project develop port infrastructure in India that results in quick, efficient and cost-effective transport to and from ports. All Projects Under Sagarmala 611 778080 Projects Completed ( in nos. ) Sagarmala Project - India's Port-led Development Programme - with the broad objectives of promoting port-led direct and indirect development and to provide infrastructure for transportation of goods to and from ports quickly and efficiently. The Rs 6.01 lakh crore ($79 billion) programme, which began in 2015, has identified 574 projects across India. Sagarmala project: Find Latest Stories, Special Reports, News & Pictures on Sagarmala project. Connectivity Enhancement 210 2,444,640 million (equivalent to 2.8 trillion, US$39 billion or €36 billion in 2019) It was originally mooted by the Vajpayee government in 2003 as the waterways equivalent of the Golden Quadrilateral. During that period, the Central Government had approved a proposal to initiate the Sagarmala Project. The total estimated cost of the project is Rs 65 crore with central government sharing Rs 25 crore. Sagarmala, the ambitious project of the government for ‘Port-led development’, will help in cutting down the logistics cost for domestic as well as EXIM cargo, with an estimated overall cost savings of Rs.35,000-40,000 crore per Port Modernisation 245 1,416,410 million (equivalent to 1.5 trillion, US$21 billion or €20 billion in 2019) 2. of Projects Project Cost (Rs. While cost differential between India and China is not significant on a per tonne km basis, China still has a lower container exporting cost, than the cost in India, due to lower lead distances . Development of port-proximate industrial capacities near the coast, in future, is a step in this direction. Vision of the Sagarmala Programme is to reduce logistics cost and time for the movement of EXIM and domestic cargo. 3. Vision of Sagarmala Project “The vision of Sagarmala is to reduce logistic cost for both domestic and EXIM cargo minimal infrastructure investment”. Port-Linked 33 4. iv Sagarmala vision Reducing the cost of transporting domestic cargo through optimising modal mix Optimising time/cost of EXIM container movement Lowering logistics cost of bulk commodities by locating future industrial capacities GK, General Studies, Optional notes for UPSC, IAS The Sagarmala Project The root cause of this problem goes way back to 2016. Sagarmala projects in Andhra Pradesh Under Sagarmala programme, 33 (13 rail and 20 road) connectivity enhancement projects and two Coastal Economic Zones have been identified in Andhra Pradesh (AP). Sagarmala project is for promoting port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively. Sagarmala Project GS 3 – Infrastructure – Ports Sagarmala project is a port-led development programme of Ministry of Shipping. 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