Maritime Transport in India Handles 95% of The Trade By Volume
The world's shipping routes with a coastline of approximately 7,517 km. Maritime transport handles around 70% of India's rading in value terms. The government has also introduced various fiscal and non-fiscal incentives for enterprises that develop, maintain and operate ports, inland waterways and shipbuilding in India.
The Government launched the ambitious Sagarmala Programme in March 2017, with the vision of port-led development and growth of llogistics-intensive industries. Under Sagarmala Programme, $ 123 bn would be invested across 415 projects across the following identified ‘components
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.