+
Critical port linking projects to get Rs 1 trillion Gati Shakti push
PORTS & SHIPPING

Critical port linking projects to get Rs 1 trillion Gati Shakti push

According to Sarbananda Sonowal, the minister for ports, shipping, and waterways, the Centre has set aside more than Rs 1 trillion for 100 essential port connectivity projects under the PM Gati Shakti Master Plan.

Sonowal claimed that the cost of moving products via the shipping route is always lower, as he addressed Punjab's concerns about rising power rates due to coal movement via coastal shipping.

The ministry of Sonowal is keeping an eye on the implementation of Sagarmala, an ambitious strategy for enhancing port connections and boosting coastal districts. The initial plan included 802 projects with a budget of Rs 5.4 trillion. Meanwhile, during the most recent Sagarmala Apex Body meeting in May of last year, 567 new projects with an estimated cost of Rs 590 trillion were added.

"This is part of the Holistic Coastal District Development Plan, which spans Gujarat and Bengal. 220 of these projects have already been completed, 230 have reached the implementation phase, and the remaining are in various phases of development "He stated.

In addition to these, Sonowal stated that port connectivity is being improved by additional initiatives. "There is a Rs 1 trillion PM Gati Shakti Master Plan, which has given us additional opportunities by bringing 18 infrastructure-related ministries together to work under one single banner," he said, adding that 100 critical projects have been identified, including improved rail and road connectivity between various ports.

"Rs 750 billion would be invested for this, with Rs 150 billion coming from private entities, which is quite positive," Sonowal said, adding that this aligns with Prime Minister Narendra Modi's aim of empowering India through boosting capacity building and efficiency.

Increased port access will augment the Centre's aim to move coal via coastal shipping routes, easing pressure on Indian Railways during peak power demand months.

Also Read
Andhra Pradesh government plans to create IT concept cities
Dalmia Cement bags coal mine in Madhya Pradesh

According to Sarbananda Sonowal, the minister for ports, shipping, and waterways, the Centre has set aside more than Rs 1 trillion for 100 essential port connectivity projects under the PM Gati Shakti Master Plan. Sonowal claimed that the cost of moving products via the shipping route is always lower, as he addressed Punjab's concerns about rising power rates due to coal movement via coastal shipping. The ministry of Sonowal is keeping an eye on the implementation of Sagarmala, an ambitious strategy for enhancing port connections and boosting coastal districts. The initial plan included 802 projects with a budget of Rs 5.4 trillion. Meanwhile, during the most recent Sagarmala Apex Body meeting in May of last year, 567 new projects with an estimated cost of Rs 590 trillion were added. This is part of the Holistic Coastal District Development Plan, which spans Gujarat and Bengal. 220 of these projects have already been completed, 230 have reached the implementation phase, and the remaining are in various phases of development He stated. In addition to these, Sonowal stated that port connectivity is being improved by additional initiatives. There is a Rs 1 trillion PM Gati Shakti Master Plan, which has given us additional opportunities by bringing 18 infrastructure-related ministries together to work under one single banner, he said, adding that 100 critical projects have been identified, including improved rail and road connectivity between various ports. Rs 750 billion would be invested for this, with Rs 150 billion coming from private entities, which is quite positive, Sonowal said, adding that this aligns with Prime Minister Narendra Modi's aim of empowering India through boosting capacity building and efficiency. Increased port access will augment the Centre's aim to move coal via coastal shipping routes, easing pressure on Indian Railways during peak power demand months. Also Read Andhra Pradesh government plans to create IT concept cities Dalmia Cement bags coal mine in Madhya Pradesh

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code