Ports Equipment Market in India

Market Reports on India present the latest report on “Ports Equipment Market in India”. http://www.marketreportsonindia.com/industry-mfg-market-research-reports-915/ports-equipment-india-touch-billion.html   The Report aims to facilitate the upgradation of the Indian ports and integrate them with the special economic zones.

Market Report on India present the latest report on “Ports Equipment Market in India”. The report port development programme will feature 250 projects, with investment opportunity in the Maritime Sector.        

The maritime sector in India finally got much awaited shot in the arm from Government of India's intent to accelerate development of maritime sector. In the recently organized Maritime India Summit 2016, Prime Minister of India announced commitment of over RS. 100000 crore (~$15 billion) to transform the maritime sector. The $15 billion port development plan, called Sagarmala, aims to facilitate the upgradation of the Indian ports and integrate them with the special economic zones (SEZs), ports based smart cities, industrial parks, warehouses & logistics. The port development programme will feature 250 projects, with investment opportunity in the Maritime Sector, including different infrastructure development opportunities in 12 major ports projects in eight maritime states and other agencies. As part of the initiative government aims to increase country's port capacity from 1,400 million tonnes to 3,000 million tonnes by 2025.        

Blessed with 7517 km stretch of coastline and over 14500 km of navigable inland waterways, sea-route was the untapped potential in the multi-modal transportation facilities in India. Sagarmala initiative, is hinged on four strategic levers, optimizing multi-modal transport to decrease the cost of domestic cargo, reducing the time and cost of export-import cargo logistics, lowering costs for bulk industries by locating them in the vicinity of the coast, and enhancing export competitiveness by...