India's Marine Sector Transformation Under Modi Government
The Economic Survey 2024-25 highlights the Modi government's transformative impact on India's marine sector. Notable achievements include a 76% increase in capital expenditure and significant capacity enhancement in ports. Furthermore, container turnaround time has improved drastically across major ports, reflecting significant operational efficiency gains.
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- India
The Narendra Modi government's reforms have sparked significant changes in India's marine sector, as reflected in the Economic Survey 2024-25, according to Ports, Shipping and Waterways Minister Sarbananda Sonowal.
Finance Minister Nirmala Sitharaman presented the Economic Survey in the Lok Sabha, highlighting an impressive 76% rise in capital expenditure by the Infra Ministries up to November 2024, as part of the FY25 budget estimates.
Sonowal noted substantial progress in port capacity, which jumped from 3 MTPA to 21 MTPA between April and November this fiscal year, while average container turnaround times improved markedly from 48.1 hours to 30.4 hours.
(With inputs from agencies.)
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