Coastal transportation to propel Industrial growth : Nitin Gadkari

Posted by Daily Shipping Times on 03-11-2017        Tweet

NEW DELHI: Union Minister Nitin Gadkari recently flagged off a consignment of steel cargo from Visakhapatnam Port and said a new era of coastal transport has begun and it will propel industrial growth.

"This is a new era in transport that will encourage industrial growth, give a boost to the economy, create more employment and raise the GDP of the Country," the Union Road, Shipping and Water Resources Minister said while addressing the gathering at Vizag Port through video conferencing. Gadkari said Rashtriya Ispat Nigam Ltd (RINL) was, till now, transporting its products to 22 stockyards through road and rail mode.

He also asked all other manufactures to make use of Coastal Shipping for transporting goods as this can be a key enabler for reduction of logistics cost for domestic and export-import trade of India.

The Minister said the Sagarmala project is one of the strategic and customer-oriented initiatives to modernise India's ports to augment coastal movement so that ports become drivers of economic growth. Sagarmala programme envisages to double current share of Coastal Shipping in India's overall modal mix from 6 per cent to 12 per cent by 2025.