The projects include a New Container Terminal worth Rs.1270 crore, a new multi cargo terminal worth Rs.151 crores, Railway line to Container and Multi cargo terminal worth Rs. 60 crore, and RFID system worth Rs.11.82 crore. Shri Gadkari said the work being done under Sagarmala is estimated to create about 2 lakh direct jobs in the state in the next two years.
The Development of New Container Terminal project will provide more container handling facility for traders, it will also facilitate the new industries and ancillaries in the vicinity of the port, provide new job opportunities and will give boost to local economy.
The development of New Cargo Terminal project will provide more multi -cargo handling facility for traders, the new industries and ancillaries in the vicinity of the port and will boost the local economy. The New Container Terminal will also provide job opportunities.
The Rail Connectivity to Container and Multi Cargo Terminal project will improve cargo movement through rail route. The terminal will also reduce the logistic cost and reduce the load on roads and decongest the nearby roads for the benefit of general public.
The implementation of RFID System project will enhance the Ease of doing Business for traders. The RFID system will lead to reduction of time and congestion in cargo traffic and enhance the port operations.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
