Unlocking Inland Waterways Potential: The Role of Digital Portals and Private Investment
In today’s rapidly evolving maritime sector, innovation and economic growth are at the forefront of global trends. For India, the landscape of waterways transport is undergoing a significant transformation, marked by the launch of a digital portal by Union Minister Sarbananda Sonowal, aimed at facilitating private investment in infrastructure development on national waters.
The Digital Portal: A Catalyst for Innovation
Sarbananda Sonowal’s initiative marks a pivotal step forward. The launching of a digital portal by Inland Waterways Authority of India (IWAI) with Marina India Infrastructure Private Ltd (MIA IP) underscores the government’s strategic move to leverage technology in waterway management. This digital infrastructure is designed to streamline regulatory procedures, encouraging private investment and fostering a more dynamic maritime ecosystem.
Introduction of the National Waterways Regulations, 2025
The regulations bring clarity and streamlined processes for private investment in inland waterway terminals. By enabling private participation through No Objection Certificates (NoC), these regulations aim to accelerate economic growth, particularly in cargo movement from 18 million tonnes in FY 2023-24 to over 133 million tonnes by 2025.
The Jetty Project: A Digital Breakthrough
A significant milestone was the establishment of a jetty at Malim on River Mandovi (NW 68) in Goa. With an investment of Rs. 8 crore, this project aims to berth up to 16 yachts and pleasure craft, enhancing river cruise tourism through docking services.
Economic Impact and Vision
This initiative not only simplifies regulatory procedures but also reflects the Prime Minister’s commitment to ease of doing business (EODB), economic empowerment, and job creation. The government’s vision for a growth-driven inland waterways sector is seen as crucial for India’s future, with private investment unlocking vast potential.
Conclusion: A Road to Sustainable Growth
Sarbananda Sonowal’s move signifies India’s commitment to leveraging technology to enhance its maritime and logistics landscape. By fostering innovation through digital portals and private investment, the country can achieve a vision of Viksit Bharat, a future where infrastructure development is both sustainable and inclusive.
This blog reflects on the transformative potential of these initiatives, urging continued collaboration between private players and government agencies to advance the nation’s maritime and economic growth.