By TN Ashok Economics Editor
New Delhi, March 25: The Union Cabinet today approved the enactment of a Central legislation for declaring 101 additional Inland Waterways as National Waterways (NW) for navigation.
The new authority will help create a logistic supply chain with intermodal (Rail, Road and Waterways) connectivity. It would positively contribute to the GDP by opening up business opportunities in the area of dredging, barge construction, barge operation, barge repair facilities, terminal construction, terminal operation, storage facilities, providing modern aids to day and night navigation, tourist cruise, consultancy, training of manpower for manning barges, hydrographic survey, etc.
INVESTMENT in all these business areas will create numerous opportunities for employment and economic development and reduce pressure from the already over-loaded, congested and costlier other surface modes of transport.
The cabinet meeting was presided over the Prime Minister Narendra Modi.
