The Maritime India Vision-2030, a 10-year blueprint with the aim of overhauling the Indian maritime sector, envisages Rs 3 lakh crore investment in port projects that in turn promises to generate employment for 20 lakh persons, reports Economic Times.
Maritime India Vision
Prime Minister Narendra Modi unveiled the Maritime India Vision (MIV) 2030 on Tuesday while inaugurating the three-day Maritime India Summit 2021, participated by 24 nations.
“Maritime India Vision 2030 would involve an investment of over Rs 3 lakh crore, which would generate more than 20 lakh jobs and unlock annual revenue potential for major ports worth over Rs 20,000 crore,” according to the Ministry of Ports, Shipping and Waterways’ document. As per the document, Rs 1-1.25 lakh crore investments are planned in augmenting the infrastructure of major ports, which would help in creating 7-10 lakh jobs.
It envisages developing mega capacity ports in high potential areas of Gujarat, Maharashtra and Odisha-West Bengal Cluster at an investment of over Rs 80,000 crore.
The government plans to increase the transshipment volumes of Indian cargo at Indian ports from 25 per cent in 2020 to more than 75 per cent by 2030 by operationalisation of Vizhinjam port and development of Transshipment zone in Kanyakumari and Champbell Bay.
Initiatives to enhance Ease of Doing Business are planned under it which include implementing Enterprise Business System (EBS) to simplify and digitize processes across Major Ports by 2021, developing National Marine Logistics Portal to implement 100 per cent paperless processes including online payment and implementing unified ship e-registration portal.