Maritime sector to focus on modernisation and clean energy in 2017

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New Delhi, December 24
The Ministry of Shipping took several steps during the year to build its base for realising the full potential of India’s maritime sector. From weeding out and amending obsolete legislations to modernising existing infrastructure to building new ones and promoting clean energy, the Ministry has unleashed a whole range of initiatives aimed at the growth and development of the sector. The ambitious Sagarmala programme was moving from the conceptualisation and planning phase to the implementation stage.
The National Perspective Plan (NPP), for the comprehensive development of country’s coastline and maritime sector, has been prepared and was released at the maiden Maritime India Summit 2016, on April 14 by Prime Minister Narendra Modi.
As part of Sagarmala, more than 400 projects, at an estimated infrastructure investment of more than Rs seven lakh crore have been identified across the areas of port modernisation and new port development, port connectivity enhancement, port-linked industrialisation and coastal community development.
These projects would be implemented by relevant Central Ministries, state governments, ports and other agencies primarily through private or PPP mode. During the year, Rs 242.92 cr was released for 14 projects besides, the Ministry was also funding special projects under Sagarmala. In this regard, Rs 58.5 cr had been released for capital dredging for Gogha-Dahej RO-Pax Ferry Services Project and Rs 43.76 cr released for RO-RO Services Project at Mandwa.
TEFR was under preparation for development of underwater viewing gallery and restaurant at Beyt Dwarka island.
The Sagarmala Development Company (SDC) was also incorporated on August 31, after receiving Cabinet approval, for providing equity support to residual projects under Sagarmala, a Ministry statement said.

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