The government has suggested setting up 29 port-based coastal industrial corridors across 14 coastal economic zones to boost exports and employment.
These corridors, envisaging a total investment of Rs.1 lakh crore, would provide employment opportunities to nearly one crore people and boost exports by $110 billion in the next 10 years, according to a statement from the Shipping Ministry.
The Mumbai cargo terminal - Photo courtesy of the Mumbai Port Trust
The project is part of the National Perspective Plan 2016.
The plan contains details of Sagarmala, the government’s flagship programme to promote port-led development in the country. The industrial clusters will be built near 12 major and 13 non-major ports which have surplus land for development.
Source: The Hindu