weather_iconAshburn | -7.63 °C | AQI 21
Tuesday, 21 January, 2025

---Advertisement---

Business

Inland Waterways To Grow With Rs 50,000 Crore Investment And 200 Million Metric Tonnes Cargo Target by 2030

The IWDC, the apex body for policy deliberation on the promotion & propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways on Friday.

Inland Waterways To Grow With Rs 50,000 Crore Investment And 200 Million Metric Tonnes Cargo Target by 2030

Union Minister Sarbananda Sonowal informed that cargo handling capacity has reached 133 million metric tonnes in the last ten years. Sonowal was addressing the 2nd Inland Waterways Development Council (IWDC) meeting in Kaziranga a day earlier.

He said “In the last 10 years, our cargo handling capacity has reached 133 million metric tonnes… More than Rs 60,000 crores of investment have been made in our National Waterways… In the inaugural session of the Inland Waterways Development Council, we inaugurated projects worth Rs 1400 crores for 21 states of our country.”

---Advertisement---

“We aim to increase our cargo capacity to 200 million metric tonnes by 2030 and invest more than Rs 50,000 crore in this sector in the next 5 years…,” the minister added.

The IWDC, the apex body for policy deliberation on the promotion & propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways on Friday.

---Advertisement---

The meeting also witnessed ministerial participation from the Union Minister of State for MoPSW, Shantanu Thakur, the Ports Minister of Goa, Aleixo Sequeira, the Transport Minister of Assam, Jogen Mohan; the Transport Minister of Manipur, Khashim Vashum; the Transport Minister of Jammu & Kashmir, Satish Sharma; the Transport Minister of Mizoram, Pu Vanlalhlana and the Transport Minister of Arunachal Pradesh, Ojing Tasing among others.

The second meeting of IWDC, organised by the Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways under the Ministry of Ports, Shipping & Waterways (MoPSW), announced investments of more than Rs 50,000 crore in the next 5 years.

In this regard, a series of new initiatives across 21 Inland Waterway States were announced worth more than Rs 1400 crore in Kaziranga on Friday.

IWDC set up in 2023 is an exercise to derive the maximum economic potential out of the Inland Water bodies, it requires exceptionally coordinated Centre-State relationships, collaborations and cooperation in the spirit of Cooperative Federalism.

Also Read: India’s Industrial Production Growth Increases By 5.2% In November 2024

HISTORY
SOURCES

With inputs from ANI.

Written By

Vaidika Thapa


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: At least 14 Naxalites Killed In Chhattisgarh Encounter

Jan 21, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 12:41 (IST) 21 Jan 2025

    Karnataka: Mallikarjun Kharge Unveils Statue Of Mahatma Gandhi At Suvarna Vidhana Soudha

N24 Shorts Logo

SHORTS

Kane Williomson goes unsold in PSL 2025
Sports

Why Was Kane Williamson Unsold in PSL 2025 After IPL 2025 Auction? Find Out

The 34-year-old's recent struggles in securing T20 franchise contracts highlight a growing trend in modern cricket

View All Shorts

---Advertisement---

Trending