Sagarmala Development Company Ltd to support the initiative by providing equity to the project in SPV framework
Ministry of Ports, Shipping, and Waterways (MoPSW) have been working continuously for the promotion of Coastal Shipping under the Sagarmala Programme. The Sagarmala program is the flagship program of the Ministry to promote port-led development in the country through harnessing India’s 7,500 Km long coastline and potentially navigable waterways.
MoPSW, through the Sagarmala Development Company Limited (SDCL), is desirous of facilitating the companies to operate RO-RO, RO-PAX, and Ferry services on various routes across the nation and provide the required support to make the project operational.
MoPSW has recently, successfully implemented one of such ferry routes by deploying RoPAX vessel ferry service between Hazira and Ghogha. This ferry service has reduced the distance between Ghogha and Hazira from 370 Km to 90 Km and travel time from 10 to 12 hours to about 5 hours. This will result in huge savings of fuel (approx. 9000 liters per day)
To replicate the success of the above business model, MoPSW now encourages the private operator to identify the routes, which offers potential to commence the RO-RO, RO-PAX ferry service based on the localized demand to promote the supplementary and sustainable mode of transportation through coastal/inland water.
