Maritime India Vision 2030 estimates Investments Of Over Rs 1 Lakh Crore In Ports Infra
Maritime India Vision 2030: Maritime India Vision is a Plan of Ministry of Ports, Shipping and Waterways that aims to build port and maritime infrastructure within the country. Maritime India Vision 2030 is also important for UPSC Prelims 2023 and UPSC Mains Exam (GS Paper 3- Infrastructure: Energy, Ports, Roads, Airports, Railways etc.)
Recently, the Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Rajya Sabha informed about Maritime India Vision (MIV) 2030. The Maritime India Vision estimates investments of Rs. 1,00,000–1,25,000 crore for capacity augmentation and development of world-class infrastructure at Indian Ports.
The container throughput of Indian ports stood at 17 million TEUs for the period 2020 whereas that for China stood at 245 million TEUs for the same period. The combined container throughput across top 20 major global ports stood at 357 million TEUs during the period 2020.
To develop global standard ports in India, Maritime India Vision (MIV) 2030 has identified initiatives such as developing world-class Mega Ports, transhipment hubs and infrastructure modernization of ports.
Major and Minor Ports in India
Maritime India Vision 2030 was formulated by the Ministry of Ports, Shipping and Waterways with the objective of propelling India to the forefront of the global maritime sector in the next decade.
Tariff guidelines for PPP projects in Major Ports
The Sagarmala Programme was approved in 2015 to promote port-led development in the country. Sagarmala project was launched by the ministry of Shipping to harness India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic location on key international maritime trade routes.
1. What is Maritime India Vision 2030?
Ans. Maritime India Vision 2030 is a government roadmap for propelling India to the forefront of the global maritime sector in the next decade.
2. Which government initiative supersedes the Sagarmala Scheme?
Ans. Maritime India Vision 2030 is expected to supersede the Sagarmala Scheme.
3. What is the total investment planned under Maritime India Vision 2030?
Ans. Maritime India Vision 2030 envisions an overall investment of INR 3,00,000 – 3,50,000 Cr across ports, shipping, and in-land waterways categories.
Seven Years of Sagarmala Programme
Maritime India Vision 2030 is a government roadmap for propelling India to the fore¬front of the global maritime sector in the next decade.
Maritime India Vision 2030 is expected to supersede the Sagarmala Scheme.
Maritime India Vision 2030 envisions an overall investment of INR 3,00,000 – 3,50,000 Cr across ports, shipping, and in-land waterways categories.
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