5-year Sagar Mala Project to Help Reduce Logistics Cost

15 April 2016

India's Minister for Road Transport and Highways and Shipping Nitin Gadkari announced the Government's updated target to complete the Sagar Mala program in 5 years at the Maritime India Summit on 15 April 2016. The Sagar Mala project will help reduce logistics costs—saving around $5-6 billion—boost merchandise exports by $110 million, and create 10 million new jobs. Logistics costs in India run high, at around 18%, compared to 12% logistics costs among European countries and 8-10% in China.

A $15 billion port modernization investment program under Sagar Mala envisages increasing port handling capacity to 1,000 million metric ton per annum through construction of 6 new mega ports. The Government is also planning programs to boost connectivity, port-led industrialization, and coastal Special Economic Zones.

Launched by the Modi Government in 2015, Sagar Mala is an initiative to modernize India's ports and integrate them with development of industrial clusters and hinterland, and improvement of road, rail, and inland and coastal waterway connectivity, to contribute to India's growth.


Related Links:

Mr. Amit Shah, Home Minister of the Government of India, laid the foundation stone for the second cargo...

Read More


The 21st meeting of the Bangladesh-India Joint Steering Committee on Cooperation in the Power Sector was held at...

Read More


The Government of Bhutan has approved the country’s accession to the World Trade Organization (WTO) on 28 April...

Read More


Nepal's Finance (Revenue) Secretary Ram Prasad Ghimire presented awards to the ...

Read More


India's National Logistics Policy (NLP) was launched in September 2022 to reduce logistics cost in the country by...

Read More


Mr. Khalid Mahmud Chowdhury, Minister of State for Shipping of the Government of Bangladesh, stated that transit and...

Read More


Japan has proposed the development of a new industrial hub for the Bay of Bengal region. The hub,...

Read More