'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
The Budget 2025-26 meets the expectations of fiscal consolidation, maintaining capital expenditure, and boosting consumption through tax cuts.
India will invest USD 82 billion in port projects by 2035, raise share of clean renewable energy source in maritime sector, develop waterways and boost tourism around lighthouses as part of port-led development, Prime Minister Narendra Modi said on Tuesday. Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways. More than 574 projects costing USD 82 billion or Rs 6 lakh crore have been identified for implementation between 2015 and 2035 under the Sagarmala Project, he said. The government, he said, is looking to operationalise 23 waterways by 2030.
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