The Ministry of Shipping has put up a working
draft note on „Sagar Mala Project‟ on October
28, 2014.34
The project seeks to improve
economic development in the country through
port led development. The project would bring
development of all ports, connectivity through
waterways and economic development of coastal
regions under the ambit of a single project.
Key components of the project include:
Port modernization: This includes (i)
transforming existing ports into world class
ports by modernization of port infrastructure
and existing systems, and (ii) enhancing the
capability of Port Community System.
Efficient evacuation systems: These include
(i) incentivising freight transport through
coastal mode, and (ii) setting up a coastal
shipping promotion fund for the development
of coastal shipping.
Coastal economic development:
Encouraging economic activity in coastal
regions by development of coastal economic
regions and promotion of coastal tourism.
Achievement of the above components will be
driven by two broad initiatives: (i) development
of coastal economic regions, and (ii) policies to
promote coastal shipping and operations in ports.
For the institutional framework, a Sagar Mala
Company will be established at the national level
and will be chaired by the Secretary (Ministry of
Shipping). To develop each coastal economicregion, a Special Purpose Vehicle would be
formed with equity participation from the
concerned state government and the Sagar Mala
Company.
No comments:
Post a Comment