Monday, 12 June 2017

Ports to act as catalyst to achieve consistent growth

NITI Aayog CEO Amitabh Kant has said that ports can act as a catalyst for India to achieve a consistent growth rate of 10 per cent. Commenting on the issue, NITI Aayog CEO Amitabh Kant told the media, “The Sagarmala programme is a game-changer.

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Ports can act as the catalyst of growth and help in achieving 10 per cent consistent growth rate for the country, hence making Sagarmala programme the game-changer for the country's development."

“Success stories emerged from China, Korea, Japan and Singapore where the ports have led the country's growth strategy,” he added.

“There is a need for conglomeration of all the stakeholders for proper execution and have an export focused strategy,” he further said. 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.

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