Sagarmala Projects

The National Perspective Plan (NPP) for the Sagarmala programme was prepared and approved by the National Sagarmala Apex Committee on 9th April 2016 and released at the maiden Maritime India Summit 2016, on 14th April 2016.

The Shipping Ministry said it will set up Sagarmala Development Company (SDC) to provide equity support to the project Special Purpose Vehicles (SPVs) and funding support for the residual projects under Sagarmala.

The Sagarmala consultants have projected that the identified industrial cluster projects will enable creation of approximately one Crore new jobs, including 40 Lakh direct jobs in the next 10 years.

The NPP projects, estimated to cost Rs. 4 Lac Crore, will be taken up starting FY 16-17 by the relevant Ports, State Governments/Maritime Boards, Central Ministries, mainly through private or PPP mode.

The ministry said 173 projects have been initially identified under four projects archetypes of Sagarmala in National Perspective Plan, April 2016.

The Project archetype and the number of projects identified are given below:

Port Modernisation 53;

Port Connectivity 83;

Port Led Industrialisation 29;

Coastal Community development 8.

Twenty-six Port rail connectivity projects were identified under NPP, of which 2 have been completed and 18 are under implementation by Ministry of Railways.

Most of these projects will be completed by 2019-20. fii-news.com