Context: Recently, the Union Minister launched the ‘One Nation, One Port Process’ initiative aims to eliminate documentation inconsistencies and inefficiencies in ports, while the ‘Sagar Ankalan’ Logistics Port Performance Index was launched to improve efficiency.
Key initiatives launched include:
- One Nation-One Port Process (ONOP): Aimed at standardizing and streamlining operations across India’s major ports to reduce inefficiencies and operational delays.
- The ONOP process aims to harmonize port procedures, reduce documentation, and enhance operational efficiency.
- Sagar Ankalan — Logistics Port Performance Index (LPPI): A step to enhance port efficiency and global competitiveness in the maritime sector.
- The LPPI will benchmark port performance based on key metrics like cargo handling and turnaround times, contributing to India’s position as a global maritime leader.
- India has already climbed to 22nd place in the World Bank’s Logistics Performance Index for international shipments.
- The Bharat Global Ports Consortium brings together key entities to expand port infrastructure, focusing on efficiency and global collaboration.
- It is aligned with the PM Gati Shakti National Master Plan and the National Logistics Policy,
- Bharat Global Ports Consortium: Strengthening global trade by expanding India’s maritime reach and boosting exports.
- Itwill drive port expansion, operations, and financing to position India as a key player in global trade, focusing on efficiency, innovation, and collaboration to enhance trade connectivity and economic resilience.
- MAITRI App (Master Application for International Trade and Regulatory Interface): Designed to streamline trade processes, reduce bureaucratic hurdles, and expedite clearances.
- The MAITRI app will support a virtual trade corridor (VTC) between India and the UAE, leveraging AI and Blockchain for improved efficiency.
- It will reduce processing time, optimize trade flows, and contribute to sustainable development.
- The initiative aligns with the India-Middle East-Europe Economic Corridor (IMEEC) and aims to expand to BIMSTEC and ASEAN nations, using AI and Blockchain for enhanced efficiency and security.
- The Shipbuilding Financial Assistance Policy (SBFAP 2.0) will help Indian shipyards compete with global giants and Shipbuilding clusters will make India a hub for ship construction, create jobs, introduce new technologies, and enhance global competitiveness.