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:

The fourth meeting of Nepal-Bangladesh commerce joint-secretary level technical committee was held in Kathmandu, Nepal on 22-23 October...

Read More


India and Nepal held a two-day energy secretary level meeting on 14-15 October 2019 in Bangalore, India. The...

Read More


The Government of India has, in principle, allowed Nepal access to three inland waterway routes: (i) Kolkata-Kalughat, Raxaul;...

Read More


The Government of India plans to implement a National Logistics policy to help bring down the logistics cost...

Read More


The Kolkata Customs of the Government of India has granted an 84.33% subsidy for Nepali cargo duty insurance,...

Read More


The 69 kilometer Motihari (India)-Amlekhgunj (Nepal) pipeline, signed by India and Nepal in 2015, was jointly inaugurated by...

Read More


Construction of Colombo's first elevated highway commenced on 10 September 2019 with Sri Lanka Prime Minister Ranil Wickremesinghe...

Read More