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Asian Development Bank Has Prepared An Action Plan To Increase Use Of Coastal Shipping In India

Capital Market 

In a written reply to a question in Lok Sabha today the Minister of State for Shipping (I/C) and Chemical & Fertilizers Shri Mansukh Mandaviya informed that 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.

The Minister informed that the Master Planning of 12 Major Ports has been carried out and 95 capacity expansion and port modernisation 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.

The Minister said that the Ministry of Shipping has approved 67 projects (cost: Rs. 5702 Crore) under SagarmalaProgramme for financial assistance of Rs. 1,491 Crore for improving port infrastructure and port connectivity.

He said, 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 SagarmalaProgramme was prepared in April 2016. As a part of the NPP, a roadmap is developed for increasing Indian port capacity to 3300+ MTPA by 2025.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 05 2019. 17:02 IST
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