Waterways Development

Union minister Sarbananda Sonowal said on Wednesday that the Centre will spend Rs 4,800 crore for developing waterways and related infrastructure in Assam in the next five years. The ports, shipping and waterways minister was speaking at a session on the state's road, railway and riverine infrastructure at the 'Advantage Assam 2.0 Investment and Infrastructure Summit' here. "I want to announce that in the next five years, Rs 4,800 crore will be spent by my ministry in Assam," Sonowal said. The amount will be spent on various works, like building a ship repair facility, construction of alternate roads for ports and development of terminals. Sonowal said a centre of excellence in maritime education will also be established in the state, which will provide 5,000 skilled youth to the shipping industry annually. The union minister also highlighted the importance of waterways in economic development and maintained that the sector has received a major boost since the BJP-led government t

The Union government on Sunday launched the 'Jalvahak' scheme to incentivise cargo movement via inland waterways, marking a major step towards promoting sustainable and cost-effective transportation across National Waterways 1 (Ganga), 2 (Brahmaputra), and 16 (Barak river). Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal flagged off three cargo ships and inaugurated the fixed scheduled service of vessels. He said the scheme aims to unlock the trade potential of inland waterways while reducing logistics costs and decongesting road and rail networks. Under the scheme, cargo owners transporting goods over distances exceeding 300 km via waterways will receive up to 35 per cent reimbursement on operating costs. The scheme will remain valid for three years and is designed to optimise supply chains for major shipping companies, freight forwarders, and trade bodies. The scheme is jointly implemented by the Inland Waterways Authority of India (IWAI) and Inland & ...

Coastal cargo major booster for private ports last fiscal

The Inland Waterways Authority of India, under the Ministry of Ports, Shipping, and Waterways (MoPSW), is set to host the inaugural 'Inland Waterways Development Council' meeting in Kolkata on Monday.According to an official statement issued from the Ministry of Ports, Shipping & Waterways, the day-long meeting on board the vessel MV Ganga Queen, by Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways and AYUSH, will bring together key figures from across the waterways states and central government including Shripad Naik and Shantanu Thakur, Ministers of State for Ports, Shipping & Waterways."The event will also see the participation of Ministers from various State Governments, accompanied by their principal secretaries, Secretaries, alongside numerous senior officers of the Central Government and domain experts in the field" the ministry said in its statement.Union Minister Sarbananda Sonowal will also unveil groundbreaking initiatives, including "Harit

Inviting the world to come to India and be a part of the country's growth trajectory, Prime Minister Narendra Modi on Tuesday announced that India aims to operationalise 23 waterways by 2030.

These projects have been envisaged to bring down the logistics cost in the country and create employment opportunities

The two countries have signed an agreement to use Chattogram and Mongla Ports in Bangladesh for movement of goods to and from India

This has been done in consultation with a German firm, for 13 categories of vessels, including bulk carriers, container cargo vessels and vehicle carriers

Expenditure on land acquisition and related rehabilitation & resettlement (R&R) for a waterway project is five per cent of project cost, half of what it would be for highway