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NEW DELHI: India’s fleet power elevated to 1,463 vessels with gross tonnage (GT) of 13,011,000 as of December 31, 2021, in accordance with the Financial Survey.
On the finish of 2019, the nation had 1,429 vessels and 12,746,000 of GT, the Survey for 2021-22 stated.
Finance Minister Nirmala Sitharaman on Monday tabled in Parliament the Financial Survey that particulars the state of the economic system forward of the federal government’s Funds for the fiscal yr starting April 1, 2022.
“As on December 31, 2021, India had a fleet power of 1463 vessels with Gross tonnage of 13,011 thousand in comparison with 1429 vessels and 12,746 thousand of GT on the finish of 2019. Nevertheless, Indian fleet is simply 1.2 % of world’s fleet by way of capability and carries solely 7.8 % (for 2018-19) of India’s EXIM commerce,” it stated.
The Survey additional stated efficiency of ports is essential for commerce competitiveness of any economic system, and enlargement of port capability has been accorded the very best precedence by the federal government by implementation of well-conceived infrastructure growth tasks.
The capability of 13 main ports, which was 871.52 million tonnes every year (MTPA) on the finish of March 2014, elevated 79 per cent to 1,560.61 MTPA by the top of March 2021.
Site visitors dealt with at these ports was to the tune of 672.68 MT throughout 2020-21, 4.6 per cent decrease than that within the earlier yr on account of the worldwide disruptions in worldwide commerce because of the pandemic.
The typical flip round time at these main ports has lowered from 62.11 hours in 2019-20 to 55.99 hours in 2020-21 because of the numerous measures taken by authorities to enhance the benefit of doing enterprise, it famous.
On the federal government’s bold Sagarmala challenge, the Survey stated the nationwide programme goals at accelerating financial growth within the nation by harnessing the potential of India’s 7,500 km lengthy shoreline and 14,500 km of probably navigable waterways.
The Sagarmala tasks embody port modernisation and new port growth, connectivity enhancement, port-led industrialisation, coastal group growth, coastal transport and inland water transport.
Presently, there are 802 tasks value funding of Rs 5.54 lakh crore for implementation underneath the Sagarmala programme by 2035. Out of this, 181 tasks value Rs 94,712 crore have been accomplished and 223 tasks value Rs 2.11 lakh crore are underneath implementation.
Additional, 398 tasks value Rs 2.48 lakh crore are underneath numerous levels of growth, the Survey stated.
On the finish of 2019, the nation had 1,429 vessels and 12,746,000 of GT, the Survey for 2021-22 stated.
Finance Minister Nirmala Sitharaman on Monday tabled in Parliament the Financial Survey that particulars the state of the economic system forward of the federal government’s Funds for the fiscal yr starting April 1, 2022.
“As on December 31, 2021, India had a fleet power of 1463 vessels with Gross tonnage of 13,011 thousand in comparison with 1429 vessels and 12,746 thousand of GT on the finish of 2019. Nevertheless, Indian fleet is simply 1.2 % of world’s fleet by way of capability and carries solely 7.8 % (for 2018-19) of India’s EXIM commerce,” it stated.
The Survey additional stated efficiency of ports is essential for commerce competitiveness of any economic system, and enlargement of port capability has been accorded the very best precedence by the federal government by implementation of well-conceived infrastructure growth tasks.
The capability of 13 main ports, which was 871.52 million tonnes every year (MTPA) on the finish of March 2014, elevated 79 per cent to 1,560.61 MTPA by the top of March 2021.
Site visitors dealt with at these ports was to the tune of 672.68 MT throughout 2020-21, 4.6 per cent decrease than that within the earlier yr on account of the worldwide disruptions in worldwide commerce because of the pandemic.
The typical flip round time at these main ports has lowered from 62.11 hours in 2019-20 to 55.99 hours in 2020-21 because of the numerous measures taken by authorities to enhance the benefit of doing enterprise, it famous.
On the federal government’s bold Sagarmala challenge, the Survey stated the nationwide programme goals at accelerating financial growth within the nation by harnessing the potential of India’s 7,500 km lengthy shoreline and 14,500 km of probably navigable waterways.
The Sagarmala tasks embody port modernisation and new port growth, connectivity enhancement, port-led industrialisation, coastal group growth, coastal transport and inland water transport.
Presently, there are 802 tasks value funding of Rs 5.54 lakh crore for implementation underneath the Sagarmala programme by 2035. Out of this, 181 tasks value Rs 94,712 crore have been accomplished and 223 tasks value Rs 2.11 lakh crore are underneath implementation.
Additional, 398 tasks value Rs 2.48 lakh crore are underneath numerous levels of growth, the Survey stated.
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