PSU PRESS RELEASE
Sagarmala to save up to Rs 40000 crore per year in logistics by 2025
NEW DELHI: Government`s ambitious push to port-led development under the Sagarmala project will help in saving as much as Rs 40,000 crore annually in logistic costs by 2025, a report said today.
"According to a study conducted under the Sagarmala programme, there lies a significant potential for moving raw materials and finished products using coastal shipping and inland waterways which is 60-80 per cent cheaper than road or rail transport," the Shipping Ministry said.
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