India to invest Rs 45,000 cr in waterways tourism by 2047, says Sonowal
The Business Guardian|January 14, 2024
Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, has unveiled a Rs 45,000 crore investment plan for the development of inland waterways and river cruise tourism at the inaugural Inland Waterways Development Council meeting in Kolkata.

The meeting was attended by key stakeholders including ministerial representations from states as well as prominent stakeholders including policy makers and the industry leaders.

During the summit, Sonowal launched the "Harit Nauka" guidelines alongside the "River Cruise Tourism Roadmap, 2047". "The vision of our Prime Minister is to harness the potential of the blue economy and become a global leader," he said.

The investment includes Rs 35,000 crore for cruise vessels and Rs 10,000 crore for terminal infrastructure development, aiming for a significant increase in cruise tourism traffic with overnight stays.

The Government also plans to boost cargo trade via inland waterways with an investment of Rs 15,200 crore, targeting a growth rate of more than 400% and increasing the volume to 500 million tonnes per annum by 2047.

IWDC's strategy includes expanding operational waterway capacity from 8 to 26 for river cruise tourism and increasing the number of cruise circuits with night stays from 17 to 80. Additionally, river cruise terminals are projected to grow from 15 to 185, a move set to bolster the infrastructure substantially.

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