Indian Economy News

Govt plans to make all major ports fully self-sustainable on electricity by 2030

  • IBEF
  • July 25, 2022

In order to reduce the emissions from the shipping sector and promote the development of net zero and low-emission solutions, the government plans to make all major ports fully-sustainable on electricity by 2030, said Mr. Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways.

The Sagarmala programme is the flagship initiative of the government to support port-led development in the nation by harnessing India's 7,500 km coastline, 14,500 km of potentially navigable waterways, and strategic location on key international maritime trade routes, said Mr. Sonowal.

Maritime India Vision (MIV) 2030 has identified initiatives like creating world-class mega ports, transhipment hubs, and infrastructure modernization of ports. For capacity expansion and the creation of world-class infrastructure at Indian ports, MIV 2030 projects investments in the range of Rs. 100,000-125,000 crore. (US$ 12.52- 15.65 billion), added Mr. Sonowal.

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