Cabinet gives 'in principle' nod to concept of Sagarmala project

Funds requirement for starting the implementation of projects in initial phase of Sagarmala Project is projected at Rs 692 crore for 2015-16, it said.

Cabinet gives 'in principle' nod to concept of Sagarmala project
NEW DELHI: The government will seek Parliament’s approval to declare 101 rivers part of the national waterways network in the ongoing budget session, following the Cabinet nod to the proposal on Wednesday.

Shipping minister Nitin Gadkari said that at least a dozen smart cities and several coastal economic zones will come up under the ambitious Sagarmala project, lifting India’s GDP growth by 2%. Gadkari has also asked finance minister Arun Jaitley to give infrastructure status to shipbuilding.

The government approved the Sagarmala project, which envisages port-led development at the 12 major ports as well as 1,208 islands identified for development as part of the project.

“An allocation of Rs 4,000 crore has been made for special economic zone at Jawaharlal Nehru Port Trust while coastal economic zone is in the offing at Kandla port, which has two lakh acres of land in its possession,” Gadkari told the media on Thursday.

The minister also said that no barrages will be built on the 620 km Varanasi-Haldia stretch as has been “wrongly projected”.

He said advance technology will be used to make sure the river is navigable. The World Bank, which has been advising the shipping ministry on the development of the inland waterways and the Clean Ganga mission, has approved an assistance of Rs 4,200 crore for the development of the existing five national waterways.
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“Waterways have a meagre share of 0.3% in India as compared to 42% in Netherlands, 16% in China and over 7% in USA. This is a great economic opportunity loss to India,” Gadkari said.

For 55 of the 101 rivers, the shipping ministry has appointed consultants and detailed project reports (DPR) will be formulated once necessary approvals are in place.

A senior shipping ministry official said that work may not begin on all the 101 rivers, but it helps the government to avoid last-minute scramble to get permissions to build the infrastructure around these rivers as has happened in the past. The central government can undertake development of an inland waterway for navigation only when it is declared a national waterway by Parliament.
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WEF 2015: How government is showcasing the 'Make in India' initiative
1/10
Text: PTI

It is a 'Make in India' lounge at Davos for this year's WEF annual summit!

We take a look at how the Modi government is promoting the initiative:
Text: PTI

It is a 'Make in India' lounge at Davos for this year's WEF annual summit!

We take a look at how the Modi government is promoting the initiative:
In place of the famous 'India Adda' that has been frequented by Indian and other leaders to savour desi delicacies and do some networking, this year the 'Make In India' initiative is gaining prominence at the event.

Image from: DIPP
In place of the famous 'India Adda' that has been frequented by Indian and other leaders to savour desi delicacies and do some networking, this year the 'Make In India' initiative is gaining prominen..
Read More
To bring Prime Minister Narendra Modi's ambitious programme to this annual gathering of the global elite, the India Brand Equity Foundation (IBEF)) has decided to discontinue the earlier name 'India Adda'.
To bring Prime Minister Narendra Modi's ambitious programme to this annual gathering of the global elite, the India Brand Equity Foundation (IBEF)) has decided to discontinue the earlier name 'India ..
Read More
The lounge is set up every year in the famous Davos landmark of Schneider Cafe.

Image from: DIPP
The lounge is set up every year in the famous Davos landmark of Schneider Cafe.

Image from: DIPP
With lion logos in different colours for different sectors identified for this initiative, the 'Make In India' lounge has also painted big hoardings.
With lion logos in different colours for different sectors identified for this initiative, the 'Make In India' lounge has also painted big hoardings.
The hoardings invite people to invest in India. The hoardings read, "Whatever you want to make, make in India" as also 'from satellites to submarines, from pharma to biotech'.
The hoardings invite people to invest in India. The hoardings read, "Whatever you want to make, make in India" as also 'from satellites to submarines, from pharma to biotech'.
The IBEF is a Commerce and Industry Ministry initiative and has been participating in WEF meetings for years, while providing a meeting group for Indians attending the summit.
The IBEF is a Commerce and Industry Ministry initiative and has been participating in WEF meetings for years, while providing a meeting group for Indians attending the summit.
Among others, the lounge, is being visited by Finance Minister Arun Jaitley and Power Minister Piyush Goyal, as also by business leaders from India and around the world.
Among others, the lounge, is being visited by Finance Minister Arun Jaitley and Power Minister Piyush Goyal, as also by business leaders from India and around the world.
A brain child of Modi, 'Make In India' initiative is aimed at making the country a manufacturing hub as well as facilitate investment, foster innovation and enhance skill development, among others.
A brain child of Modi, 'Make In India' initiative is aimed at making the country a manufacturing hub as well as facilitate investment, foster innovation and enhance skill development, among others.
The 'Make in India' logos are catching the eye at Davos,

Image from: DIPP
The 'Make in India' logos are catching the eye at Davos,

Image from: DIPP
READ MORE
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