Over 100 Sagarmala projects of Rs 1 trillion identified in Andhra
PORTS & SHIPPING

Over 100 Sagarmala projects of Rs 1 trillion identified in Andhra

More than 110 projects worth about Rs 1.1 lakh crore have been identified in Andhra Pradesh under Sagarmala, with 35 works worth around Rs 32,000 crore already completed, according to Union Minister of Ports and Shipping Sarbananda Sonowal.

He stated at the Global Investors' Summit that some of the projects are focused on roll on roll off (RORO), passenger jetty, fishing, port modernization, and skill development, among others.

According to the Minister, Visakhapatnam Port will have a strong cargo growth of more than 7.5% in 2022-23.

"The port is being transformed into a landlord port in accordance with Government instructions. Additional ports may also comply by 2023 "said the Minister of Shipping.

He stated that six projects are currently operational in Visakhapatnam Port, which was granted in January 2023 with a Rs 658 crore investment.

Sonowal went on to say that the Ministry of Ports, Shipping, and Water, in collaboration with the Ministry of Fisheries, is renovating fishing harbours across India to world standards.

According to him, as many as 31 such harbours will be created under Sagarmala and the Pradhan Mantri Macha Sampada Yojana.

Similarly, the Visakhapatnam fishing harbour is being upgraded at a cost of Rs 151 crore, which would improve the quality of life for the local fishing population.

Furthermore, the Union Minister stated that the international cruise terminal in Visakhapatnam is approaching completion at a cost of Rs 97 crore and is expected to open in April.

Providing statistics on national achievements, Sonowal stated that cargo handling capacity has increased by 79% in the last nine years, with product exports reaching $421 billion in 2021-2022.

The Sagarmala programme, which began in March 2015, includes projects in several categories, including modernization of existing ports and terminals, new ports, terminals, Ro-Ro (Roll on/Roll off) & tourism jetties, port connectivity enhancement, inland waterways, lighthouse tourism, industrialization around ports, skill development, and technology centres.

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More than 110 projects worth about Rs 1.1 lakh crore have been identified in Andhra Pradesh under Sagarmala, with 35 works worth around Rs 32,000 crore already completed, according to Union Minister of Ports and Shipping Sarbananda Sonowal. He stated at the Global Investors' Summit that some of the projects are focused on roll on roll off (RORO), passenger jetty, fishing, port modernization, and skill development, among others. According to the Minister, Visakhapatnam Port will have a strong cargo growth of more than 7.5% in 2022-23. The port is being transformed into a landlord port in accordance with Government instructions. Additional ports may also comply by 2023 said the Minister of Shipping. He stated that six projects are currently operational in Visakhapatnam Port, which was granted in January 2023 with a Rs 658 crore investment. Sonowal went on to say that the Ministry of Ports, Shipping, and Water, in collaboration with the Ministry of Fisheries, is renovating fishing harbours across India to world standards. According to him, as many as 31 such harbours will be created under Sagarmala and the Pradhan Mantri Macha Sampada Yojana. Similarly, the Visakhapatnam fishing harbour is being upgraded at a cost of Rs 151 crore, which would improve the quality of life for the local fishing population. Furthermore, the Union Minister stated that the international cruise terminal in Visakhapatnam is approaching completion at a cost of Rs 97 crore and is expected to open in April. Providing statistics on national achievements, Sonowal stated that cargo handling capacity has increased by 79% in the last nine years, with product exports reaching $421 billion in 2021-2022. The Sagarmala programme, which began in March 2015, includes projects in several categories, including modernization of existing ports and terminals, new ports, terminals, Ro-Ro (Roll on/Roll off) & tourism jetties, port connectivity enhancement, inland waterways, lighthouse tourism, industrialization around ports, skill development, and technology centres. Also Read Ghaziabad development body may slap Gangsters Act Govt-backed SWAMIH Fund helped unlock 350,000 mn liquidity

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