Vice President stresses importance of ports sector

A presentation was made to the Vice President by the Chairman of Visakhapatnam Port Trust (VPT), K Rama Mohana Rao and other senior officials during an interaction with him here They apprised the Vice President on various activities of the port, including its expansion plans. 

Observing that India is strategically located on the world's shipping routes with a long coastline of about 7,517 km and over 200 major and minor ports, he said ''these ports play an important role in India's economy. 

Recalling that ancient India was a great maritime power and that the navies of the Chola and Kalinga kings used to rule over the oceans, the Vice President said ''we have to regain that past glory''. 

Touching upon the development of port infrastructure in the country, he said that as part of the ambitious Sagarmala project, more than 504 projects have been identified to unlock the opportunities for port-led development. 

These initiatives are expected to mobilize more than 3.57 lakh crore of infrastructure investment, Naidu said. 

Noting the declining cargo trend at Visakhapatnam port during 2020-21 due to the pandemic after a healthy upward swing between 2015-16 and 2019-20, he hoped that the port would regain its growth trajectory once the situation normalizes. 

''It is important to note that ports will play an important role in post-Covid economic recovery'', he added. 

Lauding the ports for having played a proactive role in handling oxygen supplies and humanitarian relief work during the second wave of Covid-19 and cyclones Tauktae and Yaas, he said ''I compliment you all for that''. 

Referring to the 'Maritime India Vision, 2030', the Vice President wanted the Port to adopt global best practices in port operations and development. 

Vision-2030 is not impossible to achieve as India has the inherent strength of knowledge he said and wanted everyone to work together in the spirit of Team India. 

During the interaction, Naidu was keen to know the steps taken by VPT to contain pollution and protect the environment. 

Appreciating the Ports green initiatives, he also wanted them to focus more on renewable energy and energy conservation. 

He also appreciated Visakhapatnam Port Trust's initiatives in creating world-class infrastructure, port-led industrialization, digitization of processes and various green initiatives for sustainability. 

''I am pleased to learn about the expansion plans of VPT in the coming years, Naidu added. 

Earlier, he was apprised of the expansion plans of Visakhapatnam Port, including the proposed establishment of a Rs 406-crore Free Trade and Warehousing Zone in 103 acres. 

The proposed FTWZ is to be funded under Sagarmala and a Special Purpose Vehicle (SPV) will be set up to develop basic infrastructures like roads, electricity, rail and road connectivity. 

M Srinivasa Rao, State Minister for Tourism and Youth Development, K Rama Mohana Rao, Chairman of VPT, its deputy Chairman Durgesh Kumar Dubey and other senior Port officials were present during the interaction.