In many ways, our future hangs in the balance or, shall we say, on razor´s edge. The current regime is driving the economic situation to assume global leadership but the engine needs to harness high doses of power to drag along the legacy burden. There is an intensive negative force waiting for the leadership to blink and miss. So, every moment is vital and each move subject to scrutiny
The government is eyeing an infrastructure investment of around Rs 2 lakh crore under the Sagarmala project with a view to step up port-connectivity for major and non-major ports. Around 80 connectivity projects have been identified to ensure that ports are properly connected to the country’s major production and consumption centers.
The Government of India has been coming out with a number of moves to revitalise the infrastructure sector, which was in the doldrums earlier. The Centre has carried out a number of changes in the contract-awarding process. It has started identifying struck projects, and is trying to fast track them.
Nitin Gadkari-led Ministry of Roads, Highways, Ports and Shipping is making efforts for cost-effective, pollution-free and import-substitute transportation. Waterways have a big role to play here, as this transportation mode allows for a reduction in logistic costs and an increase in road safety.
If agriculture is the heart of our nation, infrastructure is its backbone. The greater emphasis by the present government on infrastructure development and on ease of doing business in the past two years, has led to improving sentiments in the infrastructure segment.
At least six new mega ports have been cleared to be built under the ambitious Sagarmala project by the shipping ministry. The project, which aims to modernise India´s ports, is estimated to save up to Rs 40,000 crore per year spent on logistics by key industries.
The Andhra Pradesh Government and Visakhapatnam Port Trust (VPT) have submitted proposals for 90 projects with an outlay of Rs 130,763 crore under the Sagarmala project. A committee has been constituted to take the projects forward in Andhra Pradesh and come up with port and cluster-wise action plans.
In 2015, the Sagarmala project was formally rolled out by the government - its strategic investment initiative targeted towards improving port connectivity, port mechanisation and modernisation at a total investment of Rs 5 lakh crore over a period of five to ten years.