CURRENT AFFAIRS

Detailed explanation-1: -The Sagarmala Project has been initiated by the Government of India after Cabinet approved it in 2015 to promote port-led development in India. The project aims to harness the 7500 km long coastline of the country to unleash its economic potential.

Detailed explanation-2: -The Sagarmala Programme is the flagship programme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the country by exploiting India’s 7, 517 km long coastline, 14, 500 km of potentially navigable waterways and its strategic location on key international maritime trade routes.

Detailed explanation-3: -Vision of the Sagarmala Programme is to reduce logistics cost and time for the movement of EXIM and domestic cargo. Development of port-proximate industrial capacities near the coast, in future, is a step in this direction.

Detailed explanation-4: -Vision of the Sagarmala Programme is to reduce logistics cost for EXIM and domestic trade with minimal infrastructure investment. This includes: Reducing cost of transporting domestic cargo through optimizing modal mix. Lowering logistics cost of bulk commodities by locating future industrial capacities near the coast.

Detailed explanation-5: -Sagarmala Programme is another flagship schemes of Government of India along with Bharatmala Pariyojana to to enhance the logistics sector by building new mega ports, and connecting waterways to coastline.