The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Pratikshit Gupta, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
Sagar Mala project is a strategic and customer-oriented initiative of the Government of India to modernize India’s Ports so that port-led development can be augmented and coastlines can be developed to contribute in India’s growth. It looks towards “transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas.
Following Prime Minister Narendra Modi’s intervention, it has been decided to finish Sagarmala project in five years instead of 10 years to create a massive 10 million jobs. The flagship Sagarmala project to harness India’s 7,500-km coastline will promote port-led development in the country.
The programme could lead to annual logistics cost savings of close to Rs 35,000 crore, and of the 10 million new jobs that will be created, 40 lakh will be direct employment.
This plan is based on four strategic levers — optimising multi-modal transport to reduce cost of domestic cargo, minimising time and cost of export-import cargo logistics, low.