IAS Gyan

Daily News Analysis

Sagarmala

27th July, 2021 Economy

Context:

  • Ro-Ro & Ro-Pax ferry projects have been taken under Sagarmala Projects.

About Sagarmala Projects:

  • Sagarmala intends to reduce the logistics costs for foreign and domestic trade, leading to an overall cost savings of INR 35,000 to INR 40,000 crore annually by 2025. It moreover aims to double the share of water transportation in the transportation modal mix.