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Maritime India Vision 2030

  • Posted By
    10Pointer
  • Categories
    Infrastructure
  • Published
    3rd Nov, 2020
  • Recently, the Union Minister of State for Shipping has inaugurated the Direct Port Entry (DPE) facility of V O Chidambaranar Port Trust (VOCPT) in line with the Maritime India Vision 2030.
  • The state-of-the-art DPE facility is created inside the Truck Parking Terminal which was developed under the ‘Sagarmala’ for issuing customs clearance of export cargo.
  • It will reduce logistics cost and increase the velocity of the cargo,enable direct movement of containers from factories andhelp in increasing Ease of Doing Business for the exporters. 
  • Maritime India Vision 2030It is a ten-year blueprint for the maritime sector which will be released by the Indian Prime Minister at the Maritime India Summit in November 2020.
  • It aims to boost waterways, the shipbuilding industry and encourage cruise tourism in India.
  • Maritime Development Fundis a Rs. 25,000-crore fund, which will provide low cost, long-tenure financing to the sector with the Centre contributing Rs. 2,500 crore over seven years.

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