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
During the Dr AN Khosla lecture organised by IITRAAA and hosted by IIT Gandhinagar, Dilip Kumar Gupta, Managing Director, Sagarmala Development Company, spoke on the Sagarmala programme and stated that the investment of over Rs.8 tn under the project would aid in creating jobs.
The ports department has drawn up a contingency plan to deepen the inner channel of Thengaithittu harbour, due to its movement being affected by the heavy accumulation of silt at the mouth of the sea.
The Union Cabinet has approved certain amendments to the existing Model Concession Agreement (MCA) for PPP projects at the Major Ports, which will address some of the thorny issues faced by the existing PPP port projects and attract more private investments to achieve capacity targets set under the Sagarmala programme.
With surplus capacity addition of container terminals in the Mundra-JNPT (North West) and the Chennai cluster (South East) regions, container terminals are likely to witness severe competitive pressures for larger share of incremental volumes; and thereby pressure on realisations as well.
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.
India is acquiring quite the reputation for construction! Major infrastructure projects in the country that have been internationally lauded include the Metro Rail, Chenab Bridge, Qazigund Tunnel and Eastern Freeway along with the Golden Quadrilateral highway network, port connectivity and national waterways.