India to Invest ₹50,000 Crore in Inland Waterways Over Next Five Years
The Indian government has announced a substantial investment of ₹50,000 crore over the next five years to develop and enhance the country’s inland waterways infrastructure. This initiative aims to bolster the transportation network, reduce logistics costs, and promote sustainable development by leveraging the extensive network of rivers and canals across the nation.
The investment will focus on modernizing existing waterways, constructing new terminals, and improving navigational facilities to facilitate the seamless movement of goods and passengers. By enhancing inland water transport, the government seeks to provide an efficient and eco-friendly alternative to road and rail transportation, thereby alleviating congestion and reducing carbon emissions.
This strategic move is expected to significantly contribute to economic growth by improving connectivity between industrial hubs and remote areas, fostering regional development, and creating employment opportunities. The emphasis on inland waterways aligns with the government’s broader vision of achieving a balanced and sustainable transportation ecosystem in India.
