Union Shipping Minister Nitin Gadkari recently urged domestic investors to pump their money into the various programmes undertaken by his Ministry and promised them every assistance to improve waterway connectivity.
The Minister said the Country's economic viability has improved and this is the right time for investors to enter the structural construction projects.
"We have come up with many innovative models. The Sagarmala project has opened huge investment opportunities to the private sector. We also have plans for RoRo services, hovercraft, catamarans, seaplanes among others where we want domestic companies to come forward and invest," he told a panel discussion on 'Coastline - Engine & Wheel of Economic Growth,' here this evening.
Talking about the ambitious Sagarmala project, Gadkari said it has a potential of nearly Rs 16 trillion of which around Rs 4.53 trillion is expected to come into port mechanisation and port modernisation.
Source :- Dailyshippingtimes.com