Union Government establishes SDC to provide equity support for port led economic development projects

Q.  Union Government has cleared a plan to establish a Sagarmala Development Company to provide equity support to what type of projects?
- Published on 21 Jul 16

a. Port led infrastructure projects
b. Port led shipping projects
c. Port led economic development projects
d. Port led manufacturing projects

ANSWER: Port led infrastructure projects
 
Union Government has provided clearance for the plan to set up Sagarmala Development Company to provide equity support to port led economic development projects with initial authorised share capital of INR 1000 crore and subscribed share capital of INR 90 crore.
  • SDC will identify port led development projects and assist SPVs in project development.
  • It will also be responsible for approval and clearances for port projects.

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