New Delhi: Under the Sagarmala Programme, 70 projects worth Rs 2,856 crore have been sanctioned, out of which 15 projects worth Rs 849 crore have been completed, Parliament was informed on Friday. Under the Sagarmala Programme, 70 projects worth Rs 2,856 crore have been sanctioned for the development of coastal berths, roll-on, roll-off, passenger jetties, etc.
In a written reply to the Lok Sabha, Union Ports, Shipping and Waterways minister Sarbananda Sonowal said that various initiatives and projects have been undertaken to facilitate the shifting of cargo from conventional land-based transportation to coastal shipping mode. A discount of 40 percent is offered by major ports on the vessel and cargo-related charges to coastal cargo vessels, Sonowal added.
Sonowal said that green channel clearance was introduced for faster evacuation of coastal cargo at ports. According to the minister, the projects for improvement in the first and last-mile road and rail connectivity with all the major and non-major ports have also been identified for faster cargo movement. Sonowal said that the GST on bunker fuels used in Indian Flag Vessels has been reduced from 18 percent to 5 percent.
The Sagarmala programme is the flagship programme of the Ministry of Ports' Shipping and Waterways to promote port-led development in the country through harnessing India's 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic location on key international maritime trade routes.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)