India to invest 82 billion in port projects by 2035: PM Modi at Maritime Summit

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The main port capacity of around 870 million tons per year in 2014 has increased to around 1550 million tons per year now, the Prime Minister said.

Prime Minister Narendra Modi addresses the inauguration of Maritime India Summit 2021, through video conferencing in New Delhi on Tuesday. (PTI PHOTO).
Prime Minister Narendra Modi addresses the inauguration of Maritime India Summit 2021, through video conferencing in New Delhi on Tuesday. (PTI PHOTO).

Prime Minister Narendra Modi said on Tuesday that India has identified more than 574 port projects at a cost of 82 billion USD or ₹ 6 lakh crore for implementation during 2015 to 2035.

The prime minister on Tuesday inaugurated the second edition of ‘Maritime India Summit 2021’ through video conferencing. Danish Transport Minister Benny Englebrect, Chief Minister Gujarat and Andhra Pradesh, Minister of Union Dharmendra Pradhan and Mansukh Mandaviya were also present on that occasion.

Speaking in the virtual inauguration,

PM said he invited the world to come to India and become part of the Indian growth trajectory. “India is very serious about growing in the maritime sector and emerges as the world’s leading blue economy. Through the field of focusing on infrastructure increases, increasing the course of reform, India aims to strengthen the vision of Atmanirbhar Bharat,” he said.

“The shipping of the port and water channel ministry has made a list of 400 investable projects. These projects have a potential investment of 31 billion dollars or ₹ 2.25 lakh crore. This will further strengthen our commitment to the development of our overall maritime sector,” he said.

“The Maritime India Vision 2030 has been launched.

This describes the government’s priority. Sagar-Mantan: The Marine Mercantile domain awareness center has also been launched today. This is an information system to improve the safety, search and rescue capability, safety environment and sea protection. Project Sagarmala to promote port-led development was announced by the government in 2016. As part of the program, more than 574 projects at a cost of 82 billion USD or ₹ 6 lakh Crore have been identified for implementation for 2015 to 2035, “he added.

The main port capacity of around 870 million tons per year in 2014 has increased to around 1550 million tons per year now, he said.

PM confirms that: “We are a government that invests in waterways in a way that has never been seen before. Domestic waterways are found to save on the cost and environmentally friendly to transport goods. We aim to operationalize 23 drains in 2030.”

He also said the port had reduced the waiting time for cargo inbound and outbound.

“Indian ports now have steps such as: direct port shipping, direct port entries and enhanced port community systems for easy data flow. We also invest in the development of storage facilities in the port and infrastructure plug-and-play to attract the industry to Portland. The port will promote ‘waste-to-wealth’ through domestic dredging and recycling of domestic vessels. We will encourage private investment in the port sector, “he added.

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