Cargo movement on national waterways surges 16% in 2022-23

To augment the capacity of National Waterway-1, connecting Haldia to Varanasi, covering a distance of 1,390 km, the Inland Waterways Authority of India is actively implementing the ambitious Jal Marg Vikas Project

Livemint
Updated1 Aug 2023, 04:42 PM IST
Union minister for ports, shipping, and waterways, Sarbananda Sonowal 
Union minister for ports, shipping, and waterways, Sarbananda Sonowal 

New Delhi: Cargo movement on India’s national waterways witnessed increased 16% year-on-year during the fiscal year 2022-23, Union minister for ports, shipping, and waterways, Sarbananda Sonowal said in a written reply in the Rajya Sabha.

“The traffic between Varanasi in Uttar Pradesh to Haldia (NW-1) increased from 10.93 million ton in 2021-22 to 13.17 million ton in 2022-23 recording an increase of 20.52%,” Sonowal added.

To augment the capacity of National Waterway-1 (NW-1) connecting Haldia to Varanasi, covering a distance of 1390 km, the Inland Waterways Authority of India (IWAI) is actively implementing the ambitious Jal Marg Vikas Project (JMVP). Estimated at a cost of Rs. 4633.81 crore, the project aims to enhance transport efficiency and reliability along the waterway, promoting eco-friendly and cost-effective cargo movement.

The comprehensive Jal Marg Vikas Project encompasses several vital components to achieve its objectives. These include the establishment of multimodal terminals at strategic locations, namely Varanasi, Sahibganj, and Haldia, along with the introduction of an intermodal terminal at Kalughat.

Additionally, the project entails fairway development and the deployment of advanced navigational facilities, such as channel marking, day/night navigational aids, and river information system, to ensure seamless navigation.

The inclusion of community jetties, a new navigational lock at Farakka, and modernization of the existing navigational lock there fortify the project’s commitment to a streamlined cargo movement process.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:1 Aug 2023, 04:42 PM IST
Business NewsNewsIndiaCargo movement on national waterways surges 16% in 2022-23

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    164.30
    03:58 PM | 7 OCT 2024
    -2.45 (-1.47%)

    Axis Bank share price

    1,150.30
    03:29 PM | 7 OCT 2024
    -27.2 (-2.31%)

    Tata Power share price

    441.05
    03:59 PM | 7 OCT 2024
    -25.65 (-5.5%)

    Bharat Electronics share price

    267.35
    03:59 PM | 7 OCT 2024
    -9.85 (-3.55%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Rail Vikas Nigam share price

    450.30
    03:57 PM | 7 OCT 2024
    -42.8 (-8.68%)

    Jubilant Ingrevia share price

    726.45
    03:29 PM | 7 OCT 2024
    -67.8 (-8.54%)

    Railtel Corporation Of India share price

    395.90
    03:50 PM | 7 OCT 2024
    -35.65 (-8.26%)

    Garden Reach Shipbuilders & Engineers share price

    1,536.55
    03:44 PM | 7 OCT 2024
    -122.25 (-7.37%)
    More from Top Losers

    Finolex Industries share price

    294.10
    03:56 PM | 7 OCT 2024
    22.45 (8.26%)

    CG Power & Industrial Solutions share price

    758.75
    03:58 PM | 7 OCT 2024
    39.95 (5.56%)

    Astrazeneca Pharma India share price

    7,775.50
    03:29 PM | 7 OCT 2024
    343 (4.61%)

    Blue Dart Express share price

    8,650.45
    03:44 PM | 7 OCT 2024
    347.05 (4.18%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,675.000.00
      Chennai
      77,681.000.00
      Delhi
      77,833.000.00
      Kolkata
      77,685.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts