Union Cabinet: Converting 101 Rivers Into Waterways
- Business & Finance
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, yesterday gave its approval for enactment of Central legislation for declaring 101 additional Inland Waterways as National Waterways (NW) for navigation.
This will create a logistic supply chain with intermodal (Rail, Road and Waterways) connectivity.
It would positively contribute to the GDP by opening up business opportunities in the area of dredging, barge construction, barge operation, barge repair facilities, terminal construction, terminal operation, storage facilities, providing modern aids to day and night navigation, tourist cruise, consultancy, training of manpower for manning barges, hydrographic survey, etc.
Investment in all these business areas will create numerous opportunities for employment and economic development and reduce pressure from the already over-loaded, congested and costlier other surface modes of transport.