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    Ports can act as catalyst for India to grow at 10 per cent: Amitabh Kant

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    Ports to help India to achieve a consistent growth rate

    Ports can act as a catalyst for India to achieve a consistent growth rate of 10 per cent, NITI Aayog CEO, Amitabh Kant said.

    Addressing a workshop organized by the Ministry of Shipping under the Sagarmala programme on ‘Accelerating Sagarmala Implementation – Engaging with States’, Mr. Kant said that the Sagarmala programme is a game-changer.

    The main objective of the workshop was to enhance the engagement among the shipping ministry, other line ministries and various maritime states of India.

    Citing examples, Mr. Kant said success stories emerged from China, Korea, Japan and Singapore where the ports have led the country’s growth strategy.

    He added that there is a need for conglomeration of all the stakeholders for proper execution and have an export focused strategy.

    For India to increase its current growth rate of 7.6 per cent, it’s essential to penetrate the global markets, which only ports can drive.  He pointed out that land is not a challenge and all what is required is optimum utilization of available resources.

    For Indian goods to be at par with global markets, the logistics costs need to be reduced which will be possible if ports become manufacturing hubs, he added.  He also reiterated the potential of cruise tourism in India and appealed to all coastal states to work towards promoting the same.

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