Big moment for Inland Water Transport in India! Vessel reaches Patna from Kolkata along Ganga
Bihar's capital Patna witnessed a new landmark in India’s Inland Water Transport (IWT) sector late Frinday when 16 TEUs of container cargo of food giants PepsiCo India and Emami Agrotech Ltd reached the city’s Gaighat IWT terminal on river Ganga from Kolkata.
16 TEUs are equivalent to 16 truckloads. With the 815 kms long voyage, was a momentous one with the opening up Kolkata-Patna has opened as new Origin-Destination pair on Inland Waterways. On November 12, 2018, Prime Minister Narendra Modi had received the country’s first IWT containerised cargo that reached Varanasi from Kolkata.
A Ministry of Shipping release today said, "Plans are at an advanced stage to operationalise Patna-Varanasi sector of NW-1 for container cargo movement."
"Container cargo transport comes with several inherent advantages. Even as it reduces the handling cost, allows easier modal shift, reduces pilferages and damage, it also enables cargo owners to reduce their carbon footprints," it added.
The Ministry of Shipping is developing NW-1 (River Ganga) under Jal Marg Vikas Project (JMVP) from Haldia to Varanasi (1390 Km) with the technical and financial assistance of the World Bank at an estimated cost of Rs 5369 crore.
The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT.
The waterways is expected to boost the region’s growth and employment. According to the World Bank economic analysis, of the 1.5 lakh direct and indirect employment opportunities to be created due to interventions under JMVP, 50,000 will be in Bihar alone.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
5X15X25 SIP Strategy: Is it possible to create Rs 1,64,20,369 corpus with Rs 5,000 monthly SIP investment?
SBI Green Rupee Deposit 2222 Days vs Canara Bank Green Deposit 2222 Days FD: What Rs 7 lakh and Rs 15 lakh investments will give to general and senior citizens; know here
SBI Guaranteed Return Scheme: Know how much maturity amount you will get on Rs 2 lakh, 3 lakh, and Rs 4 lakh investments under Amrit Vrishti FD scheme
Top 7 Sectoral Mutual Funds With Best SIP Returns in 1 Year: No. 1 scheme has converted Rs 34,567 monthly SIP investment into Rs 5,40,565; know about others
SBI 400-day FD vs Bank of India 400-day FD: Where will investors get higher returns on investments of Rs 4,54,545 and Rs 6,56,565?
07:01 PM IST