Incorporated in 2016, the Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry of Shipping, focuses on providing equity investments for projects across road, rail, logistics and port infrastructure as part of the Sagarmala programme
No discussion about Mumbai’s notoriously land-starved real estate market is complete without mentioning the massive tracts of land held by various government and non-government agencies and bodies. Arguably, Mumbai Port Trust (MbPT) is currently one of the largest landowners in the country’s otherwise land-scarce financial capital.
The Government of India is on track with its ambitious programme of having 200 MW solar power capacity at its airports in the coming years, as reported. Media reports further indicate that the solar power capacity of 200 MW is planned for airports across the country.
Venkaiah Naidu has inaugurated National Highway projects in Andhra Pradesh worth Rs 1,930 crore. According to a statement released by the Ministry of Shipping, Road Transport Minister Nitin Gadkari and Andhra Chief Minister N Chandrababu Naidu will also be present at the event.
With the focus on promoting port-led-development in India, Rs 600 crore has been allocated for the Sagarmala programme in 2017-18. The flagship programme of the Ministry of Shipping, it encompasses capacity expansion and modernisation of ports along India’s coastline, enhancement of port connectivity to the hinterland, port led-industrialisation to promote trade, and sustainable development of coastal communities.
To make the development of the proposed Sagar Port project in West Bengal financially viable, a grant of Rs 515 crore has been given in principle approval by the government. This is part of the continuous efforts by the Ministry of Shipping during the last two years for the development of this port.