Ministry of Shipping sets Sagarmala Programme in motion by empaneling law firms

Sarkaritel
By Sarkaritel May 1, 2018 19:30


Sagarmala Programme of Ministry of Shipping, Government of India will partake investments of approximately US$ 123.08 billion (INR 8 Lakh Crore) in the area of port modernization, new port development, port connectivity enhancement, port linked industrialisation and   coastal community development over the period 2015 to 2035. According to a Press Information Bureau release, as per the approved implementation plan of the programme, the 415 projects under Sagarmala are to be taken up by the central line ministries, state governments / maritime boards and SPVs, preferably through the private sector and Public Private Participation (PPP) wherever feasible. Out of 415 projects under the umbrella of Sagarmala, 199 focus projects are to be taken up during the Financial Years 2016-17 to 2018-19.

This ambitious programme of Government of India involves setting up of mega ports, Coastal Economic Zones, development of Port-Linked Industrial Clusters, Coastal Economic Unites and Export Oriented Units etc. to develop Indian coastline as Coastal Economic Regions across 14 regions in India. With a renewed focus  of the ministry on the programme, the Ministry of shipping is setting up the ground work and has hired some of the prominent Indian law firms to assist in the implementation of the various projects.

Sarkaritel
By Sarkaritel May 1, 2018 19:30