Sagarmala Project Benefits, Sagarmala Project Details & Vision
Sagarmala Project initiative was conceived by the Government of India to address the challenges and capture the opportunity of port- led development comprehensively and holistically. Sagarmala is a national program aimed at accelerating economic development in the country by harnessing the potential of India’s coastline and river network.
Sagarmala was articulated by the Government in 2003 and announced in 2014. It was approved by the Union Cabinet in 2015.
Vision of Sagarmala Project
“The vision of Sagarmala is to reduce logistic cost for both domestic and EXIM cargo minimal infrastructure investment”. Studies under Sagarmala have identified opportunities for reducing overall logistic costs, thereby improving the overall efficiency of the economy and increasing competitiveness of exports.
Strategies of Sagarmala Project
- Reducing the cost of transporting domestic cargo through optimizing modal mix
- Optimizing time/cost of EXIM container movement
- Lowering logistics cost of bulk commodities by locating future industrial capacities near the coast
- Improving export competitiveness by developing port proximate discrete manufacturing clusters
Proposed Ports under Sagarmala Project
Six mega ports are planned in Sagarmala project
|S.No.||New Port Location||State||Present Status|
|1.||Sagar Island||West Bengal||Approval obtained for setting up Major See Port Sagar Port at Sagar Island. DPR prepared. Viability being re-examined in view of announcement of new port Tajpur Port at Tajpur by State Govt. of West Bengal.|
|2.||Paradip Outer Harbour||Odisha||DPR under preparation.|
|3.||Sirkhazi||Tamil Nadu||Techno Economic Feasibility Report(TEFR) prepared.|
|4.||Enayam||Tamil Nadu||In principle approval obtained for setting up Major Port at Enayam. DPR under preparation.|
|5.||Belikeri||Karnataka||Techno Economic Feasibility Report (TEFR) prepared.|
|6.||Vadhavan||Maharashtra||DPR under preparation.|
Under Sagarmala Project, 415 projects, at an estimated investment of approximately 7.98500 Lakh crore (US$120 billion), have been identified across port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. As per the approved implementation plan of Sagarmala Program, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private/PPP mode.