Fast track development of Paradip & Dhamra Ports will boost India economy
Amitabh Kant, Chief Executive Officer (CEO) of Niti Aayog said on his visit to Odisha, Fast track development of the Paradip and Dhamra Ports and their increased connectivity will give a boost to India's economy.
The two ports that together handle a capacity of 145 Million Metric Tonnes Per Annum (MTPA) are strategic as they act as a gateway for trade with the ASEAN region.
In addition, the NH 16 and Howrah-Chennai rail link act as a "spine" to connect Paradip and Dhamra to other parts of the company.
Kant said that “Paradip and Dhamra Ports together make a formidable combination and they are part of the Costal Economic Zones identified by the Center under the Sagarmala project. These ports are highly important for the Country as it serves as India’s gateway for trade with South East Asian Nations. We need to fast track development of these ports and enhance its connectivity as it will definitely give a boost to India’s economy.”
Located at a distance of about 215 kilometer (km) from Bhubaneswar, Dhamra Port currently has a capacity of 25 million MTPA. It has been planned to rapidly expand its capacity to 100 MMTPA by 2020 and subsequently up to 314 MMTPA.
On the other hand, Paradip Port has a much higher cargo handling capacity of 118.5 million MTPA. Located at a distance of 110 Kms from Bhubaneswar, Paradip is also expected to witness rapid expansion to a capacity of 325 MMTPA, handling vessels up to 200,000 DWT.
“Looking at the significance of Dhamra and Paradip Ports, we have recommended the Central Government to consider Odisha’s Coastal Economic Zone for development in the first phase of Sagarmala project. Last year, Paradip Port alone handled one of the highest amounts of cargo in India and our target is to increase the combined capacity of the two ports from 145 million MTPA to 600 million MTPA. Investments of INR 79,000 crore have been already approved by the State’s single window clearance authority for port-led industrialization in the districts adjoining these ports and they already have presence of anchor tenants like Adani, IOCL, PPL and IFFCO," said Sanjeev Chopra, Principal Secretary in the industries department of Government of Odisha.
Tag Keyword: Paradip Port , Dhamra Port , Economy , ASEAN Region , Costal Economic Zones