Budget 2020 allocation to Sagarmala is lower than the cost of planned initiatives

01 Feb 2020 CW Staff

For ports and waterways, Budget 2020 has laid emphasis on considering corporatising at least one major port and its listing on stock exchanges. It has mentioned a governance framework keeping with global benchmarks needed for more efficient seaports. Also, economic activity along river banks to be energized as per Prime Minister’s Arth Ganga concept.

Sharing his reaction on the Budget 2020 Outlook for the Ports sector, K Ravichandran, Senior Vice President & Group Head, Corporate Ratings, ICRA, says, “The government announced that the development on the National Waterway -1 is expected to be completed shortly. Further, the 890 km Dhubri-Sadiya connectivity will be done by 2022. This will make movement of freight/passengers cheaper.” He adds, “The announcement to continue support for the development of other inland waterways (apart from National Waterway 1) is a positive. Further, announced plans to corporatise at least one of the 12 major ports and subsequently list it on the exchanges is a positive step towards government disinvestment in the ports sector.”

“However,” Ravichandran says, “…as seen in previous years, the budget allocation to the Sagarmala projects is lower than the cost of planned initiatives. The revised estimate for Sagarmala in 2019-20 was low – 44 per cent of the Rs 3.17-billion budget estimate for asset creation. The budget allocation for 2020-21 has accordingly been reduced to Rs 2.97 billion.”

Overall, the impact of the budget is neutral on the sector.

Infrastructure Urban

30 Aug 2025

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..