The 'Think Tank' headquartered in Mumbai, has been constituted by the orders of the Ministry of Shipping and would advise the Directorate General of Shipping (DGS) on new ideas for the development and improvement of the maritime sector, an official told PTI.
"The Think Tank will generate contemporaneous and futuristic ideas and innovative techniques for reforming the DGS, GoI in terms of international best practices," he said.
The body comprising maritime experts drawn from nautical, maritime engineering, naval architecture and other disciplines has been mandated to meet once in every two to three months.
Logistics costs account for a large part of the country's
Citing an example, it said up to 100-150 MT of coal can be moved from the east coast to coastal power plants in Andhra Pradesh, Tamil Nadu and Karnataka.
In addition, up to 50 MT could be moved coastally for non-thermal coal users.
"There is potential to move steel, cement, fertilisers and foodgrains coastally to the extent of about 60 MT by 2025. Further, about 50 MT of petroleum products could be moved coastally from refining centres in Gujarat and Odisha to demand centres in Tamil Nadu and Andhra Pradesh," it said.
These projects have been identified across the areas of port modernisation and new port development, port connectivity enhancement, port-led industrial development and coastal community development.
The Cabinet approved Sagarmala project last year.
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