Sign In
Learn bits
Economy
Mahesh

15/06/23 06:19 AM IST

Cochin harbour modernisation project

In News
  • The Cochin Fisheries Harbour in Thoppumpady will be modernised by March 2024.
About the project
  • The Cochin Fishing Harbour modernisation project is estimated to cost 169.17 crore. Funding for the project comes from two significant sources.
  • The Pradhan Mantri Matsya Sampada Yojana (PMMSY), a scheme under the Department of Fisheries, contributes Rs 50 crore, while the Sagarmala Project scheme of the Ministry of Ports, Shipping and Waterways (MoPSW) provides an additional Rs 50 crore.
  • The remaining investment of Rs 55.84 crore comes from the public-private partnership (PPP) operator. 
  • The modernisation project focuses on various infrastructure improvements.
  • These include the construction of three air-conditioned auction halls, one non-air-conditioned hall, fish dressing units, internal roads, loading and unloading platforms, waste management areas, and other ancillary units.
  • These enhancements aim to bring the harbour’s basic infrastructure up to international standards and maintain high hygienic standards. 
  • One of the significant developments of the project is the construction of four temperature-controlled auction halls, measuring 60mx18m each, equipped with mechanical retrieval and conveyance systems.
  • This upgrade is expected to increase the fishing harbour’s capacity by a remarkable 415 tonnes of fish per day.
Sagarmala Project
  • The Sagarmala Programme was approved by the Union Cabinet in 2015 which aims at holistic port infrastructure development along the 7,516-km long coastline through modernisation, mechanisation and computerisation.
  • The vision of the Sagarmala Programme is to reduce logistics costs for EXIM (Export-Import) and domestic trade with minimal infrastructure investment.
  • Sagarmala could boost India’s merchandise exports to USD 110 billion by 2025 and create an estimated 10 million new jobs (four million in direct employment).
Source- Indian Express

More Related Current Affairs View All

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

28 Aug

UGC’s Learning Outcomes-based Curriculum Framework

'Recently, the University Grants Commission (UGC) issued a public notice on its development of a draft Learning Outcomes-based Curriculum Framework (LOCF).' LOCF is intended to

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps