Indian coastal economic zones: The Indian government today announced plans to set up 29 port-based coastal industrial centres, each with special economic zone status, in a bid to boost exports by $110bn and to create thousands of jobs. All of the centres will be located near India’s largest ports, with Kandla becoming a hub for petrochemicals, cement and furniture; Mumbai’s JNPT a centre for power electronics and apparel; Kolkata for leather processing; and Paradip for petrochemicals and marine processing.
The decision to establish the zones is part of New Delhi’s Sargama programme that was launched last year and which aims to use India’s 7,500-km long coastline, its 14,500km of potentially navigable waterways and its strategic location on key international maritime trade routes to boost exports and the overall economy.
The decision to establish the zones is part of New Delhi’s Sargama programme that was launched last year and which aims to use India’s 7,500-km long coastline, its 14,500km of potentially navigable waterways and its strategic location on key international maritime trade routes to boost exports and the overall economy.
Source: indiatimes