Roadmap developed for increasing Indian port capacity to 3300+ MTPA by 2025: Mansukh Mandaviya

Image
Capital Market
Last Updated : Nov 28 2019 | 6:04 PM IST

Identifies 95 capacity expansion and port modernizations projects

The Minister of State for Shipping (I/C) and Chemical & Fertilizers Mansukh Mandaviya informed the Lok Sabha that an analysis of nation-wide end-to-end logistics flows of all key commodities (~85% of all commodities) at ports was carried out based on which the National Perspective Plan (NPP) for the Sagarmala Programme was prepared in April 2016.

The Minister informed that as a part of the NPP, a roadmap is developed for increasing Indian port capacity to 3300+ MTPA by 2025. Master Planning of 12 Major Ports has been carried out and 95 capacity expansion and port modernizations projects have been identified. Major ports capacity has been re-rated with respect to global benchmarks as per berthing policy 2016 and effective capacity has increased by 293 MTPA after re-rating. Global benchmarks have been adopted to improve the efficiency and productivity for major ports and 116 initiatives have been identified to unlock 100 MTPA of capacity at major ports

He further said, an Action Plan for Coastal Shipping has been prepared by the Asian Development Bank (ADB) in September 2019. This action plan includes recommendations with respect to infrastructure creation required to increase the use of coastal shipping in India.

Ministry of Sipping has approved 67 projects (cost: Rs 5702 Crore) under Sagarmala Programme for financial assistance of Rs 1491 Crore for improving port infrastructure and port connectivity.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 28 2019 | 5:56 PM IST

Next Story