S2I2 was launched at the 4th National Sagarmala Apex Committee (NSAC) meeting.
- In meeting, plans to upgrade to Sagarmala 2.0 was also highlighted.
Key highlights
- S2I2:
- Aim: Empowering startups working in areas such as green shipping, smart ports, maritime logistics, shipbuilding technology, and sustainable coastal development.
- It will accelerate RISE— Research, Innovation, Startups, and Entrepreneurship.
- It will offer funding, mentorship, and industry partnerships to nurture cutting-edge solutions.
- Sagarmala 2.0:
- It will be an upgrade of the Sagarmala Programme with a new focus on shipbuilding, repair, breaking, and recycling.
- It is intended to achieve the Maritime Amrit Kaal Vision (MAKV 2047), aims to position India among the world’s top five shipbuilding nations and expanding port handling capacity to 10 billion metric tons annually.
About Sagarmala Programme, 2015
- Aim: Accelerate economic development in the country by harnessing the potential of India’s 7,500 km long coastline and 14,500 km of potentially navigable waterways.
- It holds a vision to reduce logistics cost for both domestic and EXIM cargo.
- Ministry: Ministry of Ports, Shipping and Waterways
- Apex Body: NSAC
- Five Key Pillars: Port-led industrialization, Port Modernization, Port Connectivity, Coastal Shipping and Inland Waterways and Coastal Community Development.
