Sagar Mala project is a strategic and customer-oriented ₹8 trillion (US$120 billion or €100 billion) investment initiative of the Government of India entailing setting up of 6+ mega ports, modernization of several dozen more ports, development of 14+ Coastal Economic Zones and at least 29 Coastal Economic Units, development of mines, industrial corridors, rail, road and airport linkages with these water ports, resulting in US$110 billion export revenue growth, generation of 150,000 direct jobs and several times more indirect jobs. It aims to modernize India’s Ports so that port-led development can be augmented and coastlines can be developed to contribute in India’s growth. It also aims for “transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas.”
Under Sagarmala Programme, 415 projects, at an estimated investment of approximately ₹7.98500 lakh crore (US$120 billion), have been identified across port modernization & new port development, port connectivity enhancement, port-linked coastal economic zone industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. As per the approved implementation plan of Sagarmala scheme, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private/PPP mode. The details are as below.
|S. No.||Project Theme||No. of Projects||Project Cost (Rs. Cr)|
|1.||Port Modernisation||189||₹1,428,280 million (US$22 billion or €18 billion)|
|2.||Connectivity Enhancement||170||₹2,305,760 million (US$35 billion or €29 billion)|
|3.||Port-Linked Industrialisation||33||₹4,208,810 million (US$64 billion or €54 billion)|
|4.||Coastal Community Development||23||₹42,160 million (US$650 million or €540 million)|
|Total||415||₹7,985,000 million (US$120 billion or €100 billion)|