Government aims to save Rs 2,500 crore annually by shift to sea freight
Updated : November 01, 2018 09:48:43 IST
Giving an update on the Sagarmala programme, the minister said 89 projects have been completed by investing Rs 89,000 crore, while 436 others entailing an investment of over Rs 4.18 lakh crore are in various stages of development.
The programme envisages investments of Rs 8.78 lakh crore in 600 projects, which will create 40 lakh direct jobs and also reduce logistics costs by up to Rs 40,000 crore.
The two ports will help goods reach newer markets in Europe and central Asia, he said, adding that it will also advance co-operation between India and Bangladesh in respect of economic, social and cultural ties.
Published : November 01, 2018 08:22 PM IST