About Sagarmala :-
The project seeks to improve economic development through port led development.Objectives:-
(i) support and enable port-led development through appropriate policy and institutional interventions,(ii) provide for an institutional framework,
(iii) enhance port infrastructure, including modernization and setting up of new ports, and
(iv) enable efficient evacuation.
Projects:
A National Perspective Plan will be prepared for the entire country‟s coastline within six months.
This Plan will identify potential Coastal Economic Zones (CEZs).
Projects that can be undertaken through this initiative may include:
(i) port-led industrialization,
(ii) port based and coastal tourism and recreational activities,
(iii) short-sea shipping, coastal shipping, and inland waterways transportation,
(iv) ship building, ship repair and ship recycling, and
(v) logistics parks, warehousing, maritime zones/services.
Funding:
All efforts would be made to implement the projects through the private sector, and through public private participation. Initial funding requirement for the project is estimated at Rs. 692 crore for 2015-16.
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