Summary:
Focusing on enhancing India's maritime infrastructure and accelerating port-led development, the fourth National Sagarmala Apex Committee (NSAC) meeting took place. The flagship initiative of the Ministry of Ports, Shipping and Waterways (MoPSW), Sagarmala, was the primary subject of evaluation during the meeting. With investments amounting to Rs. 1,41,000 crore (US$ 16.35 billion), the Ministry has already completed 272 projects, while a total of 839 projects valued at Rs. 5,79,000 crore (US$ 67.12 billion) are in progress. Contributing an additional 230 million tonnes per annum (MTPA) capacity, 103 of the 234 port modernisation projects valued at Rs. 2,91,000 crore (US$ 33.74 billion) are now complete. Simultaneously, 92 out of 279 connectivity projects worth Rs. 2,06,000 crore (US$ 23.88 billion) have improved 1,500 km of port links. Furthermore, nine out of 14 port-led industrialisation projects, with a cumulative worth of Rs. 55,000 crore (US$ 6.38 billion), have been finalised. Benefiting over 30,000 fishermen while fortifying coastal infrastructure, the Ministry has also advanced 310 Coastal Community Development and Inland Waterways projects, valued at Rs. 26,000 crore (US$ 3.01 billion). Additionally, Rs. 10,000 crore (US$ 1.16 billion) has been set aside for 119 projects in coastal states and union territories (UTs).
Promoting shipbuilding, repair, recycling and dismantling, Sagarmala 2.0 has been introduced, backed by Rs. 40,000 crore (US$ 4.64 billion) in budgetary support. This phase seeks to achieve investments of Rs. 12,00,000 crore (US$ 139.11 billion) over the next ten years. Coastal shipping volumes have surged by 118% and inland waterway cargo has risen by 700% over the past decade. Nine Indian ports now rank among the world’s top 100, demonstrating India’s strengthened maritime presence. Supporting maritime innovation, the Sagarmala Startup Innovation Initiative (S2I2) was also launched at the meeting. By promoting advancements in green shipping, smart ports and logistics, the initiative aligns with Prime Minister Mr. Narendra Modi’s vision for a Viksit and Atmanirbhar Bharat by 2047. Furthermore, the Maritime Amrit Kaal Vision (MAKV) aims to position India among the top five shipbuilding nations by expanding port capacity to 10 billion metric tonnes annually. Through initiatives like S2I2 and Sagarmala 2.0, the government reaffirmed its commitment to sustainable coastal growth, maritime excellence and fostering innovation-led development.
Source: IBEF
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