Over 100 Sagarmala projects of Rs 1 trillion identified in Andhra

08 Mar 2023 CW Team

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

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

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..