GS-3, Indian Economy, Uncategorized

India set to seize big opportunity in logistic costs saving through Sagarmala

A new report by Ministry of Shipping has said that Sagarmala project can save up to Rs 35,000-40,000 crore by 2025 per annum for India by optimizing logistics flows for key commodities. The study says that augmenting operational efficiency of ports and optimizing logistics evacuation can be a big boost to Indian trade. What else… Continue reading India set to seize big opportunity in logistic costs saving through Sagarmala

Editorials, GS-3, Indian Economy, Uncategorized

With connectivity comes growth

Livemint Issue: The paramount measure of power in the 21st century is connectivity, specifically to global infrastructure networks, trade flows, capital markets and the digital economy. India is now getting connected in each of these arenas and is thus taken much more seriously as a long-term pillar of the global system. India in its neighbourhood:… Continue reading With connectivity comes growth

GS-3, Indian Economy, Uncategorized

Govt. targets 120 mn tonne capacity addition in ports

The Hindu News: Union Shipping Minister has set an ambitious target of capacity addition at 12 major ports by 120 million tonnes in 2016-17. These ports had added the highest-ever capacity of 94 million tonnes in 2015-16. Minister has asked shipping ministry officials to aim for awarding new projects to add capacity of 180 million… Continue reading Govt. targets 120 mn tonne capacity addition in ports

GS-3, Indian Economy, Uncategorized

Sagarmala project to be completed in 5 years

The government has decided to halve the previously estimated 10-year timeframe to complete the Sagarmala port development project. The project targets to provide one crore employment. Port-led development has potential for direct employment generation for 40 lakh persons and for 60 lakh persons indirectly. About Sagarmala: The Sagarmala project seeks to develop a string of… Continue reading Sagarmala project to be completed in 5 years