Which of the following is the primary objective of the Sagarmala Project by the Ministry of Shipping?

Correct option is C

The correct answer is (C) Port-led development

Explanation:

• The Sagarmala Project, launched by the Ministry of Shipping in 2015, aims at port-led development of India's coastline.

• The primary goal is to modernize ports and develop coastal infrastructure to boost economic growth, promote industrialization, and enhance trade efficiency. By improving port connectivity and logistics, it seeks to make India's ports more competitive on the global stage.

• The project also focuses on the development of logistics hubs, improving port connectivity, and integrating coastal shipping and inland waterways into a comprehensive transportation network.

Information Booster:

• Port-led development focuses on harnessing the economic potential of coastal areas by enhancing port capacities, which in turn can improve the efficiency of imports and exports and facilitate industrial development along the coasts.

• The Sagarmala Project aims to reduce the cost of logistics by enhancing multimodal connectivity, focusing on the creation of logistic parks, integrated terminals, and improved port connectivity through rail and road links.

• The project also envisions coastal city modernization and industrial corridor development as secondary goals, but port-led development is its core focus.