The 18th meeting of the Maritime State Development Council (MSDC) was organized by the Ministry of Ports, Shipping and Waterways on virtual mode on 24th June 2021. The objective of the Maritime State Development Council (MSDC) is to develop a national plan for the development of the maritime sector beneficial for both states and the center and to adopt best practices for the sector.
The meeting has discussed very significant issues pertaining to the overall progress of the maritime sector. Both Central Government and State Governments have jointly worked on the development of the maritime sector including several non-functional ports. MSDC has advised on the planning of all ports including Major Ports. In addition, several conventions pertaining to safety, security and prevention of pollution are incorporated in IP Bill 2021 for implementation of all requirements stipulated in such conventions by all ports. National Maritime Heritage Complex (NMHC) is to be developed as a world-class museum dedicated to the legacy of Maritime Heritage of India, in an area of about 350 acres at Lothal, Gujarat. During the meeting, the coastal states and UTs were requested to take up the development of their respective pavilion.
The main objective of the meeting was to address the issues in funding and for the projects that are not suitable to develop under PPP mode, it was suggested that a Special Purpose Vehicle (SPV) may be formed between state government, central government and private players for which interest from the state governments/UTs has been requested during the meeting. The MoPSW has requested the coastal states/UTs to expedite the implementation of the projects where the state government is the implementation agency, and funding support can be considered for central funding via grants from MoPSW or via equity funding through Sagarmala Development Company Ltd (SDCL).
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