Sagarmala Programme Advances with ?Rs 5.79 Tn Investment

02 Apr 2025 CW Team

The Sagarmala Programme, spearheaded by the Ministry of Ports, Shipping and Waterways, is driving port-led development by leveraging India’s 7,500 km coastline, 14,500 km of navigable waterways, and strategic maritime location. The initiative focuses on five key pillars: port modernisation, port connectivity, port-led industrialisation, coastal community development, and coastal & inland water transport.

A total of 839 projects valued at Rs 5.79 lakh crore have been identified under the programme. Of these, 272 projects worth Rs 1.41 lakh crore have been successfully completed. Notably, under the modernisation pillar, 103 projects have been completed, adding 528 million tonnes per annum to India’s port capacity.

A major highlight of the programme is its Coastal Community Development initiative, aimed at enhancing the livelihoods of coastal populations through skill development, capacity building, and access to sustainable economic opportunities. A comprehensive skill gap study was conducted across 21 coastal districts in 9 states and 3 Union Territories, including Odisha and Tamil Nadu.

To further this initiative, the Ministry of Rural Development (MoRD) and the Ministry of Ports, Shipping and Waterways (MoPSW) signed an MoU in May 2017 under the DDU-GKY Sagarmala Convergence Programme. Phase I of this programme, implemented from 2016 to 2018 across five states—Andhra Pradesh, Karnataka, Maharashtra, Odisha, and Tamil Nadu—trained 2,079 candidates, of whom 1,243 were successfully placed.

This information was shared by Union Minister Shri Sarbananda Sonowal in a written reply to the Rajya Sabha, highlighting the continued progress of the Sagarmala Programme in boosting India's maritime economy and community development

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..