(a) whether the Government proposes to invest $82 billion in port projects by 2035 to raise the share of clean renewable energy source in the maritime sector, develop waterways, augment seaplane services, boost tourism around lighthouses and generate 2 million jobs, directly/ indirectly;
(b) if so, the details thereof, sector-wise along with future action plan; and
(c) the details of the progress made with funds invested/results yielded, so far, sector-wise?
(a, (b) & (c) As a part of Sagarmala Programme, more than 500 projects at an estimated cost of around 3.59 lakh crore have been identified for implementation during 2015 to 2035. Sagarmala projects includes projects from various categories such as modernisation of existing ports and terminals, new ports, terminals, RoRo& tourism jetties, enhancement of port connectivity, inland waterways, lighthouse tourism, industrialization around port, skill development, technology centres, etc. These projects are broadly classified into four pillars of Sagarmala. Implementation of the projects under Sagarmala is to be done by the Central Line Ministries, State Maritime Boards, Major Ports and SPV preferably through the private sector and through Public private Partnership (PPP) wherever feasible. The summary of project undertaken in Sagarmala Programme as per four pillars are as under:
<pre>
S. No Project Theme Total Completed Under Implementation
# Project Cost
(Rs. Cr) # Project Cost
(Rs. Cr) # Project Cost
(Rs. Cr)
1 Port Modernization 214 85,504 88 25,338 56 20,111
2 Connectivity Enhancement 204 1,49,043 45 14,546 80 1,02,280
3 Port Led Industrialization 32 1,19,570 8 45,300 22 73,271
4 Coastal Community Development 64 5,444 20 1,469 20 914
Total 514 3,59,561 161 86,653 178 1,96,577
</pre>
Also, more than 400 investible projects worth Rs. 2.24 lac crores have been identified and showcased during the Maritime India Summit -2021 for investment to develop infrastructure, and further undertake operations and maintenance.
Ministry till date have funded 110 projects through grant-in aid assistance scheme of Sagarmala. Out of which 33 have been completed, 44 are under implementation stage and 33 projects are under development. For the completed and under implementation projects, Ministry had released funds of approx. Rs. 1400 Cr and planned Rs. 865 crores for completion of current inventory of projects.
Initiatives under Sagarmala have helped in increasing / unlocking capacity ports, resulting in lower turn-around time, lower dwell time, reduction in logistics costs and generation of direct and indirect employment.
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