The Sagarmala Project has received the approval of the Cabinet
of the Council of Ministers of the Government of India as on March
25, 2015. In accordance with the Project plan, the Sagarmala Cell
for exercise of monitoring functions and the Sagarmala Development
Company, for implementation of the Project, has already been set
up. The Ministry of Shipping (MoS) has also announced the draft NPP
identifying more than 150 projects. These projects shall mobilize
more than Rs. 4,00,000 crores in investments and shall enable
creation of over 1,00,00,000 new jobs within the next 10 years. The
draft NPP identifies four important pillars for development of
Indian ports. These include port modernization and new port
development, port connectivity enhancement, port – led
industrial development and coastal community development.
