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  Business   In Other News  09 Mar 2019  Centre's Sagarmala programme helping port development: Fadnavis

Centre's Sagarmala programme helping port development: Fadnavis

PTI
Published : Mar 9, 2019, 1:31 pm IST
Updated : Mar 9, 2019, 1:31 pm IST

These facilities are being developed over a 2000-metre waterfront and the logistic area comprises 400 acres.

Maharashtra CM Devendra Fadnavis.
 Maharashtra CM Devendra Fadnavis.

Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Friday said port development had gained momentum due to huge amount of funds being disbursed under the Centre's 'Sagarmala' programme.

Under the Union Ministry of Shipping's Sagarmala programme, 415 projects, at an estimated investment of approximately Rs 8 lakh crore, have been identified for development and modernisation across the country between 2015 and 2035.

Fadnavis was speaking after e-inaugurating Karanja Terminal, a port and logistic facilities complex over Karanja Creek in Uran taluka of neighbouring Raigad district.

He said these facilities are being developed over a 2000-metre waterfront and the logistic area comprises 400 acres.

"We are developing huge road network to give better connectivity. With numerous initiatives, we are attracting good investment. Our policies are helping industries to grow in Maharashtra," Fadnavis said.

Tags: sagarmala programme, devendra fadnavis, port
Location: India, Maharashtra, Mumbai (Bombay)