Modi Sagar Mala Yojana is one of a kind. It focusses on a very sensitive trade matter of the country. India has one of the biggest coastal lines among the Asian countries. Water on its three sides makes it a special place in the entire world for sea trade. The Indian coastline expands over 7500 KMs and India is located in the center of the Indian Ocean. Consequently, trade through waterways is pretty easy. Government wants indulge the entire coastline in heavy trade related activities. And if this happens, GDP growth would boost up. However, the government needs to make sure that nothing illegal happens during this process. One such step taken in this direction by the government is the Modi’s Sagar Mala Yojana.
Currently, India is doing trade activities through the seas on a very low level. Hence, sea trade makes up only 1% contribution in the country’s GDP. This Modi Sagar Mala Yojana scheme is aimed improving teh scenario. The government wants to bring the GDP contribution of sea trade to a minimum of 2%. Since the year 2003, the Central Government of India is trying to implement the project on a large scale. But due to certain reasons, the implementation is still pending. However, the present Prime Minister, Shri Narendra Modi understood the benefits of this project. And now he is ready to launch the Modi Sagar Mala Yojana in a full fledged manner. Modi is trying to make sure that the focus of the Modi Sagar Mala Yojana is on the results. This will make sure that traders as well as the country’s economy makes profits.
The basics of Modi Sagar Mala Yojana scheme
Coastal trade should contribute more to the GDP and this is the main aim of the Modi Sagar Mala Yojana. In the past years, India was not very active in the sea trade. This was due to the lack of connectivity and the general coastal trade facilities. This is causing a loss to the economy of the country. Not only GDP, but the overall growth of the country is at a pause. The proper implementation of this government program would result in effective utilization of the coastline. And in future this is going to be one of our biggest assets.
Also known as the Blue Revolution, this is one of the most important projects that would facilitate the growth in the GDP of the country. A fund of INR 70,000 crores has been allotted to this Modi Sagar Mala Yojana scheme. The basic work would be done for improving the basic framework of the concept of this Pradhanmantri yojana.
The major objectives of this Modi Sagar Mala Yojana scheme
- Development and promotion of the ports to make them ready for trade as per the international markets.
- Provide and improve the infrastructure of the ports to ensure smooth back and forth transportation.
- Work upon the development of efficient and cost-effective solutions that improve the conditions of the ports.
- Provide efficient rail, road and air connectivity to the bigger ports. Doing this would make sure that trade activities are carried out without smoothly.
- Make the already existing ports a part of the international trade route. As a result, it would help in improving the economy of the country.
Read more about the schemes launched by the PM Modi here.
Vigilance and tracking of these ports
As per the details of government program, a total of 1200 ports would be a part of the project. The ports include new as well as existing ones. Along with this, 189 lighthouses would be set up so as to monitor the trade activities. This would help in ensuring that no amount of abnormalities or illegal activities take place. Also officials follow the laws of government while doing the work. When proper laws are followed, no officials would ignore their work. And hence, proper tracking of trade activities would happen.
The proper monitoring would make sure that everything is going according to the plan. Government can expect a spectacular boost in the trade sales. And in the coming years, Indian people can expect further additions to the Modi Sagar Mala Yojna. This scheme would provide to be beneficial for traders. It will also affect general public in the long run.
Setting up the Coastal Economic Zones
Tourism and trade business would boost up with effective implementation of this program. However, the government needs to create coastal economic zones. Coastal economic zones, i.e. CEZs would serve as special sea trade zones. Further, government needs to develop these CEZs keeping in mind the modern day trade needs. This would help in efficient trades at these places and thus attracts many investments from all around the world. Government would provide special funds for the setting up of coastal economic zones.
One of the major problems India has to deal with is the lack of internal connectivity. This means that there is no interconnection between the Indian ports themselves. This creates a problem when traders want to accommodate bigger ships. The Modi Sagar Mala Yojana scheme aims at solving these problems. Government would make special arrangements to dock the bigger ships. It would also provide various commodities that are not provided currently. Government is also looking to transport the commodities through waterways.
This government program would play an effective role in attracting foreign investments. And thus contribute to the country’s growth and development stats. Moreover, this Modi Sagar Mala Yojana scheme would make India emerge as a leader in the water trade in the coming years.