The Union Cabinet chaired by the Prime Minister Narendra Modi on 25 March 2015 gave in-principle approval for the concept and institutional framework of Sagarmala Project.
Sagarmala Project’s main objective is to promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly, efficiently and cost-effectively.
It aims at developing access to new development regions with intermodal solutions and promotion of the optimum modal split, enhanced connectivity with main economic centres and beyond through expansion of rail, inland water, coastal and road services.
Three Pillars of Sagarmala Project
For a comprehensive and integrated planning for Sagarmala Project
National Sagarmala Apex Committee (NSAC)
A National Sagarmala Apex Committee (NSAC) is envisaged for overall policy guidance and high level coordination, and to review various aspects of planning and implementation of the plan and projects.
The NSAC will be chaired by the Union Minister of Shipping, with Cabinet Ministers from stakeholder Ministries and Chief Ministers/Ministers in charge of ports of maritime states as members.
This committee, while providing policy direction and guidance for the initiative’s implementation, shall approve the overall National Perspective Plan (NPP) and review the progress of implementation of these plans.
Sagarmala Development Company (SDC)
The Sagarmala Development Company (SDC) at the Union Government level will be set up under the Companies Act, 1956. It will assist the state level/zone level Special Purpose Vehicles (SPVs), as well as SPVs to be set up by the ports, with equity support for implementation of projects to be undertaken by them.
Activities to be undertaken under Sagarmala project