Sagarmala Project

The Sagarmala Project is an ambitious initiative by the Indian government to develop the country’s coastal areas. The word sagarmala is a Hindi word and is made up of two words Sagar and mala meaning sea necklace. The project is aimed at creating coastal economic zones and boosting maritime trade and transportation. Sagarmala will provide employment opportunities for millions of people, and improve India’s infrastructure. The Sagarmala Project is a part of the government’s larger goal to develop the country’s economy. The project will help India become more self-sufficient and reduce its dependence on imports. Additionally, Sagarmala will improve connectivity between different parts of the country, and make it easier for businesses to transport goods and services. In this article, we will discuss the Sagarmala Project in more detail and take a look at its potential benefits for India.

What is the sagarmala project?

Sagarmala is an ambitious initiative of the Government of India to modernize India’s Ports so that the port-led development can be augmented and the Sagarmala aims to promote port-led direct and indirect employment generation and GDP growth.  This program was launched in 2015 by P.M. Narendra Modi. Under Sagarmala, a National Sagarmala Development Company (NSDC) has been set up under the Ministry of Shipping. Sagarmala seeks to modernize India’s port infrastructure and integrate the development of India’s ports, coastal areas, and hinterland. The Sagarmala Programme is expected to bring about a paradigm shift in the way ports in India are managed and will promote port-led direct and indirect employment generation and GDP growth. The Sagarmala Programme is based on four pillars:

– Port Modernization

– Port Connectivity Enhancement

– Port–led Industrialization

– Coastal Community Development

Each of these pillars has several initiatives and projects that are currently underway or being planned for implementation. Sagarmala is expected to lead to several socio-economic benefits for the country, including:

– Creation of nearly one million jobs in Sagarmala related projects by 2025

– Reduction in logistics costs by 15-20%

– Boosting exports by $110 billion per annum by 2025

– Generating an additional $100 billion investment in port infrastructure by 2025.

Sagarmala is also expected to have a positive impact on the environment by reducing greenhouse gas emissions and pollution levels. The Sagarmala Programme is an important initiative of the Government of India that holds great potential for the country’s economic growth, infrastructure development and creation of jobs for the nation.

What is the need for the sagarmala project?

The Sagarmala Programme is an initiative of the Ministry of Shipping of the Government of India for port-led development in India. It envisages developing 14 Coastal Economic Zones (CEZs) comprising 48 Port Modernization Projects, Sagar Mala Project and National Sagarmala Axis. The Sagarmala Programme seeks to promote port-led development in the country by integrating the development of India’s ports and coastline with that of industrial clusters and hinterland. The Sagarmala Programme is an integral part of the government’s efforts to boost exports from the country and create employment opportunities. The program will also help in reducing the logistic costs for the industry and trade.  The Sagarmala Programme is expected to result in several benefits for the country, including Boosting exports from the country, creating employment opportunities, Reducing logistic costs for the industry and trade, Enhancing coastal connectivity, Developing coastal economic zones, Improving port infrastructure. The Sagarmala Programme is an ambitious initiative of the Government of India that seeks to promote port-led development in the country. The programme envisages developing 14 Coastal Economic Zones (CEZs) comprising 48 port modernisation projects, Sagar Mala Project, and National Sagarmala Axis. The programme is an integral part of the government’s efforts to boost exports from the country and create employment opportunities.

What do you mean by coastal economic zone?

Coastal Economic Zone means an area where various economic activities related to the exploitation and utilisation of marine resources including fisheries, aquaculture, minerals, oil, and gas, etc. can be undertaken. Sagarmala Project is an initiative of the Government of India to promote Sagarmala as a coastal economic zone. The project aims to reduce the cost of transportation of goods and passengers and to promote the development of port-led industries. The concept of CEZs is similar to SEZs as both of them are developed to increase the business activity in a specific area, CEZs relate to coastal areas and SEZs can be set up anywhere to increase the business activity.

Conclusion

The meaning of Sagar mala is golden necklace as it runs from India’s East coast to the west coast. Sagar mala project is one of the important infrastructure projects of the government of India. The Sagarmala project will go a long way in promoting coastal economic activities and also generate employment opportunities. The Sagarmala project is expected to cost Rs. 70,000 crores and is likely to be completed by 2025. The Sagarmala project is a great initiative by the government of India and will definitely help in the development of the coastal areas of the country and shall further help in the development of infrastructure, creation of jobs and act as a boost to India’s Economy.