The vision of the Sagarmala program is to reduce logistics costs and time for the movement of EXIM and domestic cargo. Developing port-proximate industrial capacities near the coast would be the logical next step. In this regard, the concepts of Coastal Economic Zone (CEZs), Coastal Economic Units (CEUs), Port-linked Industrial and Maritime Clusters and Smart Industrial Port Cities have been introduced. CEZs could be spatial economic regions comprising coastal districts or districts with strong linkages to ports in these regions.
The CEUs will house the industrial clusters/ projects proposed within the CEZ. CEUs will be specific industrial estate projects with demarcated boundaries like the DMIC nodes. An Inter-Ministerial Committee (IMC) was constituted under NITI Aayog to develop CEZs in India.
The development of CEZs will be taken up in phases.
CEZs – Locations & Industries
The list of 14 proposed CEZs identified in the National Perspective Plan for Sagarmala is as under:
|Proposed location for CEZ
|Petrochemicals, Cement, Furniture
|Power, Electronics, Apparel
|Refining, Steel, Food processing
|Leather Processing, Power
|Steel, Petrochemicals, Electronics, Shipbuilding
|Food processing, Petrochemicals, Cement, Apparel
|Petrochemicals, Marine Processing
The finalization of the institutional framework and roadmap for the development of CEZs based on the recommendation of IMC has been taken up. Port-led industrialization through the proposed development of CEZ under the Sagarmala Program is expected to provide impetus to the “Make in India” initiative of the Government of India. It will add to the creation of jobs. Such initiatives would emphasize shifting industrial hubs from landlocked areas of the country to the proximity of ports and coastlines. As a result, infructuous transportation of raw materials, finished goods, or both could be eliminated/optimized, with avenues for the export of surplus finished goods.
The port connectivity project of Sagarmala will connect proposed CEZs with national corridors and golden quadrilateral to speed up cargo movement. Hectic developments on other infrastructure missions, such as Dedicated Freight Corridors and Bharatmala, would assist in feeding/ evacuation to/ from proposed CEZs concerning mines and consumption centres in upcountry locations in central/ western/ eastern territories. All these initiatives, if expeditiously implemented and synchronized on timelines, would directly contribute to GDP and bring the Indian industry to par with the best globally.
Sources: Author’s experience
Citation: This Insight may be cited as InfEneTy ‘Coastal Economic Zone (Doable Acts)’ 20.03.2023
Tags: Coastal economic, Coastal shipping, Cargo, Logistic, TransportationAbout InfEneTy
InfEneTy is a knowledge platform which showcases critical news, insights and features on contemporary and topical issues related to Infrastructure, Energy and Technology affecting the economy, industry sectors, business environment. The intent is to enable an association with the evolving scenario and be a catalyst for change. Help make InfEneTy better. Share your comments or connect with us at email@example.com