As many as 101 projects have been identified by the Ministry of Ports under the PM Gati Shakti National Master Plan to strengthen port connections with consumption and production centers.
Regarding the event hosted by the Confederation of Indian Industry (CII), in effect, Minister of Transport Salvananda Sonoir said 111 waterways across 24 states in the country have been declared national waterways.
The minister added that government infrastructure plans such as Sagarmala, the Balatmara project aimed at laying highway grids across the country, and the Dedicated Freight Corridor Railway Construction Project (DFC) are in various stages of implementation. ..
Under the Sagarmala project, the government will provide financial support to the state government for port infrastructure development and skills development programs. The Jawaharlal Nehru Port (JNPT) is ready to connect with other ports in the country, the minister said. On October 13, Prime Minister Modi launched a national master plan of Rs. 1 million on multimodal connectivity to reduce logistic costs and develop infrastructure to boost the economy.
Mr Sonoir said the country’s maritime sector plays an important role in its overall trade and growth. “Our efforts over the last few years have begun to bring results … investment in ports has increased over the last five years,” he said.
The minister added that improving supply chain and logistics efficiency will help achieve the $ 5 trillion economic target by 2025. The government actively encourages the participation of the private sector in the development and operation of port infrastructure. By 2020, investment in the port reached a record $ 2.35 billion, he added.