Sagarmala Programme: 14 Coastal Economic Zones proposed including port-based discrete mfg clusters

New Delhi, Mar 1 (KNN) For the port-led industrial development under the Sabarmala Programme, as many as 14 Coastal Economic Zones covering all the Maritime States and Union Territories have been proposed.

These include 13 port-based discrete manufacturing clusters, in the labour intensive sectors of electronics, apparel, leather products, furniture and food-processing, and 14 large coastal clusters for basic input industries such as power, refineries & petrochemicals, steel and downstream industries (Shipbuilding, Automotive), and cement.

According to the Ministry of Shipping, setting up infrastructure for these clusters will require an investment of Rs. 1 lakh crore and will attract an additional Rs. 7 lakh crore of industrial investment.

These clusters are expected to boost India’s merchandize exports by USD 110 Billion by 2025, said the Ministry.

Under the Sabarmala Programme more than 150 projects have been identified as part of the National Perspective Plan (NPP).

The projects will mobilize more than Rs. 4 lakh crore of investment and enable creation of 1 crore new jobs, including 40 lakh direct jobs, in the next 10 years.

These projects have been identified across the areas of Port Modernization & New Port Development, Port Connectivity Enhancement, Port-led Industrial Development and Coastal Community Development. (KNN Bureau)