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:

Research on the impact of cross-border energy trade in Bhutan noted that the country’s electricity exports in 2020...

Read More


The Governments of Bangladesh and India are preparing to conduct comprehensive trial runs for the transshipment of cargo...

Read More


The potential of the Siliguri corridor and its surroundings to be developed as a logistics hub for India’s...

Read More


Bhutan’s Minister for Economic Affairs Loknath Sharma was in New Delhi, India, on 18–21 July 2022. He met...

Read More


The three industrial corridors of Andhra Pradesh, the Chennai - Bengaluru Industrial Corridor (CBIC), Visakhapatnam - Chennai Industrial...

Read More


The Governments of Bhutan and Nepal are expediting the process to sign the bilateral trade agreement. At the...

Read More


Nepal now sells a total of 364 megawatts (MW) of electricity to India through the...

Read More