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.The Sagarmala Programme is an initiative by the government of India to enhance the performance of the country's logistics sector. Contents.Background The Sagarmala Programme was originally mooted by the government under in 2003 as the maritime equivalent to the, another project under his government in the roads and highways sector. The Programme aimed to exploit India's vast coastlines and industrial waterways to drive industrial development. It was approved by the cabinet in March 2015.The National Sagarmala Apex Committee (NSAC) is composed of the Minister of Shipping with Cabinet Ministers from stakeholder ministries and ministers in charge of ports in India's maritime states. The NSAC approved the overall National Perspective Plan (NPP) and regularly reviews the progress of implementation of these plans.To assist in the implementation of Sagarmala projects, the Sagarmala Development Company Limited (SDCL) was incorporated on 31 August 2016, after receiving Cabinet approval on 20 July 2016, for providing funding support to project SPVs and projects in-line with Sagarmala objectives.
Additionally, SDCL is also in the process of preparation of Detailed Project Report (DPRs) and feasibility studies for specific projects that could provide avenues for future equity investment by the company. The Sagarmala Development Company was incorporated after approval from the Indian Cabinet on 20 July 2016 with an initial authorized share capital of ₹1000 Crore and subscribed share capital of ₹90 Crore, to give a push to port-led development. The present subscribed share capital of SDCL is ₹215 Crore.The Indian Port Rail Corporation Limited (IPRCL) was incorporated on 10 July 2015 to undertake the port-rail connectivity projects under Sagarmala Programme.The Sagarmala National Perspective Plan was released by the Prime Minister on 14-April-2016 at the maiden Maritime India Summit 2016, with details on Project Plan and Implementation. The scheme Components Under Sagarmala Programme, 577 projects, at an estimated investment of approximately ₹8.570500 lakh crore (US$120 billion), have been identified across port modernization & new port development, port connectivity enhancement, port-linked coastal economic zone industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. As per the approved implementation plan of Sagarmala scheme, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private/PPP mode. The details are as below.S. No.Project ThemeNo.
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See also:Coastal Employment Zones (CEZ) is an important component of the Sagarmala Programme aimed at port-led industrial development of 14 business-friendly (CEZ) with the investment of ₹4,639,700 million (equivalent to ₹4.9 trillion, US$68 billion or €63 billion in 2018), centered around spread across of 7,500 km, by using indigenous manufacturing scheme. Sectors targeted for manufacturing units are maritime and inland waterways, water transport, coastal and cruise shipping, and solar and wind energy generation, auto, telecom and IT, etc. Each CEZ will cover economic region consisting of several coastal districts with strong linkage to the ports in that region.
Each CEZs will also create synergy with passing through the region, such as, and, etc.Each CEZ will have several Coastal Employment Units (CEU), and in turn each CEU will have several Port-Linked Industrial Clusters (PLIC). 'Coastal Employment Units' (CEUs) serve as nodes within CEZ, each CEU industrial is an industrial estates with multiple industries. Each 'Port-Linked Industrial Clusters' (PLIC) within CEU will have several manufacturing units.Benefits include with by boosting export by US$100 billion, 150,000 job creation by 2025, reduction in export cargo logistics cost and time, and increased global competitiveness of Indian exports.
Retrieved 1 November 2018. Retrieved 1 November 2018.
(PDF). Ministry of Shipping, Government of India. Retrieved 4 July 2015.
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Economic Times, Times of India. 27 March 2015. Press Information Bureau. 25 March 2015. India, Ministry of Shipping, Government of. 20 July 2016. Retrieved 1 November 2018.
Retrieved 25 April 2017. ^, 1 November 2017.
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^,. ^, 17 February 2016. ^, 29 November 2016., Economic Times.
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