Sagarmala Development Corporate Ltd to shift focus on port-led industrialisation to get cargo to ports than looking at new projects. “With infrastructure lying idle at ports, it has been decided not to look at projects to add more capacity at ports. The focus is more port-led industrialisation, which in turn will get cargo to ports,” according to a senior official of the three-year old Sagarmala Development Corporate Ltd (SDCL), which assists Central/State/port level/private sector Special Purpose Vehicles with equity support for projects to be undertaken by them.
While the government in the past had acted fast in creating capacity at ports, the utilisation has been quite low due to wanting of cargo, said Dilip Kumar Gupta, Managing Director of SDCL, which is a $110 billion coordinated effort across over 60 agencies for over 600 identified projects. The potential logistics cost savings identified were ₹35,000 to ₹40,000 crore per annum by 2025 under Sagarmala programme, he added.
