&w=3840&q=100)
Modi govt plans to invest ₹5,000 cr to develop Northeast waterways: Sonowal
"With an investment of Rs 5,000 crore earmarked, the Union Government has drawn up major initiatives in this regard," Sarbananda Sonowal said.
He said that, over the past 11 years, the Ministry of Ports, Shipping and Waterways (MoPSW) has transformed India's maritime sector with record growth in cargo handling, capacity and coastal shipping. Major ports have nearly doubled their capacity, cruise tourism is rising with ambitious new terminals, and 50,000 youth from the Northeast will be trained for maritime jobs.
"Key legislative and digital reforms, green shipping initiatives, and projects like the Kaladan Multi-Modal Transit Transport Project are strengthening regional connectivity and trade. India's ports are now globally competitive, with nine ranking in the World Bank's top 100, and Visakhapatnam Port reaching the top 20," Sonowal said.
Addressing a press conference in Guwahati Sarbananda Sonowal said, "Under the visionary leadership of Prime Minister Narendra Modi, we have revitalised India's maritime sector as never before. From historic growth in port capacity and cargo handling to pioneering green shipping, cruise tourism and skill development for our youth -- these achievements reflect the Modi government's unwavering commitment to make India a global maritime powerhouse and drive inclusive development across every coastal and riverine region."
At the press conference, the Union Minister Sarbananda Sonowal said the government aims to train 50,000 youth from the region in maritime skills over the next decade, offering them assured employment opportunities in the growing sector.
"The Maritime Skill Development Centre (MSDC) in Guwahati as well as the upcoming Centre of Excellence (CoE) in Dibrugarh aims to power this transformation. The CoE will be developed with an investment of Rs 200 crore. Both the centres are likely to produce 500 jobs annually," he said.
Sonowal said, "PM Modi has always envisioned how Yuva Shakti can bring about real transformation in the country. Our vision is to train, enable and empower 50,000 youth from the Northeast with world-class maritime skills over the next decade, ensuring meaningful employment & growth. Our centres in Guwahati and Dibrugarh will be the backbone of this transformation."
He said that the Ministry has undertaken projects worth Rs 1,000 crore in the Northeast's inland waterways sector over the past two years, with Rs 300 crore works completed and Rs 700 crore slated for completion by 2025.
"Major initiatives include permanent cargo terminals at Pandu, Jogighopa, Dhubri, Bogibeel, Karimganj and Badarpur; year-round fairway dredging; a new approach road to Pandu Port; heritage restoration in Dibrugarh; tourist jetties worth Rs 299 crore; skill development centres at Guwahati and Dibrugarh; and plans for lighthouses at Bogibeel, Biswanath Ghat, Silghat and Pandu. Feasibility studies has been completed and found feasible for operation in Guwahati, Tezpur and Dibrugarh, and cruise vessels are being procured under central schemes. For Mizoram, Nagaland and Tripura, the efforts are on to expand IWT infrastructure and promote water-based tourism. The operationalisation of Indo-Bangladesh Protocol Route (IBPR) offers new trade routes bypassing the Siliguri Corridor, strengthening regional connectivity and aligning with the broader vision of Atmanirbhar Bharat," Sonowal said.
Responding to a query on the status of Kaladan Multimodal Transit Transport Project (KMTTP), Sarbananda Sonowal said that Kaladan Multi-Modal Transit Transport Project is the result of India Myanmar Friendship Treaty.
"This is a strategic initiative to enhance connectivity between India's Northeast and Myanmar -- is set to be fully operational by 2027. Under the visionary leadership of Prime Minister Narendra Modi, the Northeast stands at the heart of the Bharat's development agenda. Empowered by Modi ji's transformative 'Act East' policy, this once landlocked region is now poised for direct and shorter access to international sea routes. The swift execution of the Sittwe Port in Myanmar is a testament to this commitment. Once fully operational, the region will unlock new trade opportunities not just for Northeast India, but also for Bangladesh, Bhutan, Nepal, and Myanmar by connecting them with Southeast Asia. This milestone truly embodies Modi ji's guiding philosophy of 'Sabka Saath, Sabka Vikas' -- collective effort for inclusive growth," he said.
He said that from Paletwa in Myanmar to Zorinpui in Mizoram, the Sittwe port connects to Paletwa in Myanmar through an inland waterway and from Paletwa to Zorinpui in Mizoram through a road component.
"From Sittwe, Myanmar to Sarboom, Tripura, goods from Kolkata to Sittwe Port can be shipped to Teknaf Port, Bangladesh which is just 60 nautical miles of Sittwe. From Teknaf Port goods can be transported by road to Sabroom which is 300 km away. Sabroom has an Integrated customs border between Bangladesh and Tripura. Sittwe port and the Kaladan Project will immensely benefit Tripura by way of significant reduction in transportation time and logistics cost. Major cargo for export for Sittwe Port; i.e. exports from Myanmar include Rice, Timber, Fish and seafood, Petroleum products and Garments and textiles. The major cargo for import for Sittwe Port; i.e. imports by Myanmar, include construction materials such as cement, steel and bricks among others," Sonowal said.
He further said that, other key initiatives include the deployment of 100 barges operated by a global major on NW2 & 16 by 2025, intended to significantly enhance cargo movement across Assam and neighbouring states.
"To ensure round-the-year navigability, the ministry plans to deploy 10 amphibian and cutter section dredgers, backed by an investment of Rs 610 crore," he said.
Sonowal also announced plans to develop 85 community jetties across the Northeast to improve local connectivity.
Speaking on this, Sonowal said, "To unlock the true economic potential of the Brahmaputra and Barak rivers, we are investing Rs 610 crore to deploy 10 state-of-the-art dredgers, ensuring all-weather navigability. This will transform cargo movement, create new trade routes, and strengthen economic linkages across Assam and the entire Northeast. By combining this with 100 modern barges by global logistics major from Germany, Rhenus, and 85 community jetties, we aim to build an integrated and sustainable waterways network that empowers local communities and drives growth."
Highlighting efforts to support tourism and regional trade, Sarbananda Sonowal shared that Rs 300 crore will be invested to build new tourism and cargo jetties at Silghat, Neamati, Biswanath Ghat and Guijan. In a major move toward modern urban transport, Water Metro projects are planned in Guwahati, Tezpur and Dibrugarh, with feasibility studies already completed.
"The government will also set up lighthouses at Pandu, Tezpur, Biswanath & Bogibeel, each equipped with IMD centres, with support from the Ministry of Environment, Forest & Climate Change, Govt of India, to provide accurate local weather forecasts. These projects reflect our commitment to transform the Northeast into a major hub of waterways-based trade, tourism and employment, aligned with PM Narendra Modi's vision of inclusive development," Sarbananda Sonowal said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Fashion Value Chain
24 minutes ago
- Fashion Value Chain
Kingdom College Introduces a Revolutionary MBA Program with on Spot Job offer During Admission of Course
For concerned parents seeking clarity about their children's future, and for graduates carrying ambitious dreams, Kingdom College, Bengaluru, announces a transformative opportunity that redefines the link between education and employment. Kingdom College. Raja Rajeswari Nagara, Bangalore Graduates from any stream – BA, B. Com, BSc, Engineering – now have access to a structured and secure pathway to success through the newly launched MBA PRO program. Designed for those aspiring to pursue a master's degree with tangible outcomes, this program goes beyond traditional education models. Mr. Deepak Shinde – Founder, Kingdom College launching revolutionary MBA Program with on spot job offer While most institutions focus solely on academics and offer vague promises of placements, Kingdom College breaks the norm by offering a job appointment letter with a Rs. 5 Lakh annual salary from leading companies on the very day of admission. For detailed information visit Key Highlights of MBA PRO: Rs. 5 Lakh CTC Job Offer Letter handed at admission Education loan available from leading bank Rs. 10,000 Monthly Internship Stipend from Day 1 Two Years of Practical Industry Exposure integrated with academic learning Mentorship by India's Top Life Coach – Mr. Deepak, the visionary behind The Inspiration, who empowers students with unshakable self-confidence. MBA PRO ensures both qualification and corporate experience are gained simultaneously, making students truly career-ready by the time they complete their course. With a rich legacy of nurturing thousands of talents over the decades, Kingdom College has become a name synonymous with success. The achievements of its alumni stand as a testament to the institution's impact. In an era where consumer products come with warranties, Kingdom College sets a new precedent in education – introducing the concept of 'Job Guarantee' as a milestone of trust. This bold and valuable initiative calls for the support of the media fraternity to amplify its reach, ensuring that aspiring students across the state are made aware and can benefit from this once-in-a-lifetime opportunity.


The Hindu
24 minutes ago
- The Hindu
Panneerselvam shifts stance, condemns BJP over Samagra Shiksha funds controversy
In a shift from his usual position towards the Union government, the ADMK Workers' Rights Retrieval Committee coordinator and former Tamil Nadu Chief Minister O. Panneerselvam on Tuesday (July 29, 2025) condemned the BJP-led Centre for not releasing funds to the State under the Samagra Shiksha scheme for 2024-25. 'Citing this [the non-acceptance of the State government to the Union government's conditions] as the reason for not providing the funds will not only affect the education of students, but also teachers. This action of the Central government is against the Right to Education Act and federalism,' Mr. Panneerselvam said in a statement, adding that the non-acceptance was a matter between the two governments. The ADMK Workers' Rights Retrieval Committee leader urged the Centre to release around ₹2,151.59 crore to the State under the scheme. From ally to 'uncertain' partner Ever since Mr. Panneerselvam rebelled against the AIADMK's former interim general secretary V.K. Sasikala in February 2017, he had been known as a staunch ally of the BJP. When he and the present general secretary of the party Edappadi K. Palaniswami came together six months later, he had publicly credited Prime Minister Narendra Modi for the reunion. In 2019, when Mr. Modi filed his nomination papers in Varanasi Lok Sabha constituency, Mr. Panneerselvam was among those who were there to greet him. Five years later, the former Chief Minister, who held the portfolio of Finance in the State government for about 10 years, contested as an Independent in the Ramaathapuram Lok Sabha seat unsuccessfully as part of the BJP-led alliance. But the AIADMK had faced the election only with the Desiya Murpokku Dravida Kazhagam (DMDK) and SDPI. After the Dravidian major revived its alliance with the national party in April this year, Mr. Panneerselvam's position became uncertain in view of a 'hands-off' approach of the BJP towards him, as Union Minister for Home Affairs Amit Shah made it clear that 'we will not interfere in the internal affairs of the AIADMK,' when asked about the former Chief Minister's space in the alliance. The former Chief Minister had sought an audience with the Prime Minister during his latest trip to Tamil Nadu but no meeting took place between the two leaders, even though Mr. Palaniswami, along with his colleagues, met Mr. Modi at the Tiruchi airport on Saturday (July 26) night. On Mr. Panneerselvam's further course of action, Panruti S. Ramachandran, former Minister who has been an advisor to the former Chief Minister's camp, told The Hindu on Tuesday afternoon that 'when there is no place for him in the alliance, there is no point in continuing there.' Would the BJP not approach Mr. Panneerselvam again and take him back into its fold? 'There is no possibility, because Mr. Palaniswami is there in the alliance,' replied Mr. Ramachandran, adding that 'there is no way out for him [the Committee coordinator] than finding his own way.'
&w=3840&q=100)

Business Standard
24 minutes ago
- Business Standard
₹35 lakh Cr credit, 7 IPOs, low debt: Real estate gets a financial makeover
India's real estate sector is no longer the cautionary tale it once was. With record-high credit flow, dramatically lower loan defaults, and a surge in real estate IPOs, the industry is undergoing a financial transformation that marks its most stable phase in over a decade. According to Colliers India, bank credit to the real estate sector has nearly doubled over the last four years—from ₹17.8 lakh crore in FY21 to ₹35.4 lakh crore in FY25. The sector now claims a 19.4% share of total bank lending, up from 13.8% in 2016—an indicator of renewed lender faith. Key takeways: Bank credit to the real estate sector has doubled since FY 2021; loan book at over Rs 35 lakh crore at the end of FY 2025 Leading real estate companies have shown improvements in operating and net profitability margins Debt-to-equity ratio of top 50 listed real estate companies has seen a significant drop since FY 2021, signaling steady balance sheet deleveraging Credit rating upgrades in real estate are significantly higher than the number of downgrades in the post-pandemic era Real Estate continues to tap the equity market – 7 IPOs totaling Rs 76 billion in 2025 so far Source: RBI and Colliers India Note: Data is for financial year (FY) | Real estate sector here includes – commercial real estate and housing (including priority sector housing) | Data is aggregate of 41 scheduled commercial banks (SCBs), which represents almost 95% of the total non-food credit deployed in India. Trends in NBFC loan book in India (in Rs lakh crore) - On the NBFC front, while their real estate lending has plateaued post the 2018 crisis, the overall outstanding loan book still rose to ₹1.3 lakh crore by FY25. NPAs (Non-Performing Assets) in the construction sector loan book dropped from 23.5% in 2021 to just 3.1% in 2025—a clear sign of enhanced repayment capacity and project viability. What This Means for You: If you're looking to invest in real estate, either directly or via REITs, you're entering a sector with lower credit risk and stronger financial discipline. Listed Developers Get Leaner, More Profitable An analysis of India's top 50 listed developers reveals remarkable financial improvement: 66% now have operating margins above 20%, up from 55% in FY21. 62% of companies posted net profit margins above 10%, nearly triple the share from four years ago. The proportion of firms with a debt-to-equity ratio below 0.5 has risen from 43% in FY21 to 62% in FY25. These improvements signal a deliberate move toward deleveraging, capital efficiency, and better governance—a far cry from the debt-laden, opaque practices of the past. Investor Insight: Financially prudent developers offer stronger equity returns and lower downside risks—ideal for both direct stock market investors and homebuyers concerned with project completion. Credit Ratings Soar—Real Estate Beats Other Sectors Perhaps the most telling metric: 23% of real estate companies saw credit upgrades in H2 FY25 versus just 1% facing downgrades. That's a 23:1 upgrade-to-downgrade ratio, far superior to the all-sector average of 2.3. What You Can Do: Use credit ratings as a filter when evaluating builders, real estate mutual funds, or REITs. Equity Markets Open Up—And Retail Investors Are Joining In Public markets are now a major funding channel. India saw 9 real estate IPOs in 2024, raising ₹13,800 crore—double the funds raised in 2023. In 2025 (so far), 7 real estate IPOs have raised ₹7,630 crore. IPO trends: Heightened activity in recent years Note: IPOs indicate listings on BSE including both Mainboard IPOs and SME IPOs. Real estate IPOs include issues by developers, housing finance companies, flex space operators, REITs, public sector undertakings of the Ministry of Housing and Urban Aff From traditional residential and commercial developers to flex-space operators and hospitality firms, a wide variety of real estate players are now tapping the IPO route. The rollout of REITs and SM-REITs is further democratizing property investment for the average Indian. Actionable Tip: Investors looking for real estate exposure can now buy units of REITs on stock exchanges, starting with as little as ₹1,000–₹5,000—no need to buy full properties. 'Real estate players are increasingly tapping public markets to fuel their expansion and strengthen balance sheets, signaling growing investor confidence in the sector. The strong momentum seen in 2024 has carried into 2025, with seven real estate IPOs, raising more than Rs 76 billion till July. Moreover, the diverse listings across segments such as flex spaces, hospitality, office, residential, etc., and the anticipated upswing in SM REIT and REIT activity is promising for the entire real estate sector. Indian real estate continues to draw strength from long-term stability and growing investor confidence, making it less vulnerable to global uncertainties,' said Vimal Nadar, National Director and Head of Research, Colliers India. Looking ahead, the outlook remains particularly positive for residential and commercial real estate, led by strong end-user demand, favorable demographics, rising disposable income, and relatively lower interest rates. However, real estate developers and investors must remain cautious of potential risks, including interest rate fluctuations, urban land acquisition bottlenecks, and global economic headwinds that could moderate real estate growth.