Business Today

The Giant Leap

The Sagarmala project has made huge progress in the last three years, but funding is a big constraint.

Often, the huge scale of infrastructure projects can be a hurdle in itself. This is what is happening to Sagarmala a project for port led development by harnessing India's 7,500 km coastline, 14,500 km of navigable waterways and improving access to international maritime trade routes. Sagarmala has taken a number of strides in the last three years, but funding and lack of active participation from the private sector are proving to be major constraints in its timely progress.

Until the end of 2017/18, 225 projects, valued at Rs2.38 lakh crore, were being implemented. Another 196, worth Rs71,868 crore, are likely to be

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Action And Reaction
1 The gold loans market has witnessed significant growth, with compound annual growth rate of 22.7% in the three years to FY23 2 The gold loans outstanding of banks and NBFCs was ₹6.1 lakh crore as of FY23, per a Nirmal Bang report 3 The average gros
Business Today3 min read
“Core Of Insurance Lies In Long-term Security”
WITH A WEALTH of experience and a visionary approach, Vibha Padalkar, MD & CEO of HDFC Life, has been instrumental in shaping the insurer’s success amid an evolving market landscape. In an interaction with Business Today, she talks about strategic in
Business Today1 min read
All Guns Blazing
INDIA’S DEFENCE EXPORTS HAVE JUMPED ALMOST 31-FOLD TO A RECORD OF ₹21,083 CRORE IN FY24 FROM ₹686 CRORE IN FY14, REFLECTING THE COUNTRY’S GROWING CLOUT IN THE GLOBAL DEFENCE MANUFACTURING MARKET. WITH A ROBUST LOCAL MANUFACTURING ECOSYSTEM AND MORE T

Related