NEW DELHI: Lowering the overall cost of ports, turnaround time, increasing efficiency and providing the ability to handle larger ships has helped India achieve $400 billion in goods exports — a record in 2021-22
The initiatives taken over the last seven years in the Sagarmala programme to increase the capacity of ports by infrastructure modernization and improve connectivity have helped in lowering the overall cost of ports; reducing turnaround time for vessels; increasing efficiency and providing the ability to handle larger ships and developing strategic importance of Indian Ports in the South Asian region.
The Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal, recently said that it is the results of these efforts in ports that helped India to achieve $400 billion of goods exports — a record in 2021-22.
Calling Sagarmala Programme center’s ambitious project, Sonowal said the Programme aims to promote port-led development and accelerate economic growth in the Country by reducing the logistics cost for both domestic and international cargo with requisite infrastructure investment.
The Prime Minister’s Gati Shakthi National Master Plan will provide Multi-Modal connectivity to various Special Economic Zones for seamless movement of people; goods and services resulting in the efficient conduct of logistics and economic activities. Under this initiative, the Ministry of Ports and Shipping and Waterways has identified 101 projects worth Rs.62,637 crores for implementation by 2024, he said.
