Budget allocation of Rs 600 crore for projects under Sagarmala, Rs 322.6 crore for the development of ports and Rs 508 crore for grants to the Inland Water Transport Authority of India.
Tag: Sagarmala
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Indian logistics saw better growth while globally there was muted demand
Big is definitely better for the warehousing services focusing on serving organised sectors. Economies of scale, cheaper land costs, more automation and higher labour utilisation are some of the key benefits.
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The impact of GST could lead to reduction of 5percent in overall logistical costs
The expected implementation of GST will boost the demand for warehousing, 3PL solutions and multimodal services, areas where TCI has a strong market presence.
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Volatile fuel prices will reduce reliance on conventional fuels
Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has announced big investments in IndiaĂ´s ports and roads sector. These investments are the first step in economic growth, as well-laid infrastructure is a crucial need for improving the efficiency of cargo flow.
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Implementation has always been the issue
Roads connecting the docks and air cargo complexes of container freight stations are in a very bad condition, hence this creates very bad congestion. There should be convenience; intermodal transport will be successful only when we have proper rail and road connecting infrastructure
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Porting Ahead
The government has announced a massive investment in IndiaĂ´s ports sector, which is likely to boost the countryĂ´s economy. The government has massive plans of developing ten coastal economic regions by reviving the countryĂ´s Sagarmala (string of ports) Project.
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