India to award $10.7bn of projects under Sagarmala Project in FY19
The massive 20-year project aims to create new ports and modernize existing ones, enhance port connectivity and drive port- linked industrialization, and coastal community development
A Ernst & Young and Andhra Pradesh Chamber of Commerce and Industry Federation report estimates the development of industrial zones within the primary hinterland of ports in India can cut average inland logistics costs by up to 68%, or between Rs14,000 per teu and Rs44,000 per teu.
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