SAGAR SAMRIDDHI - ECONOMY
News: Union Minister of Ports launched ‘SAGAR SAMRIDDHI’ to bring transparency
& efficiency
What is in the news?
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Recently, the Union
Minister of Ports, Shipping & Waterways (MoPSW) and Ayush launched ‘SAGAR SAMRIDDHI’ - the online dredging
monitoring system - in order to accelerate the ‘Waste to Wealth’ initiative.
Key takeaways from the news:
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It was developed by National Technology Centre for Ports,
Waterways and Coasts, the technological arm of MoPSW.
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The system aims to
enhance productivity, contract management, and promotes effective reuse of
dredged material.
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It aligns with the vision of Atmanirbhar Bharat (Self-reliant India) and
Make in India, strengthening the country's technological capabilities.
Significance:
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By minimizing human error through technology, the system improves
project implementation, reduces dredging costs, promotes environmental
sustainability, and enhances transparency and efficiency.
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By implementing the
Addendum and using the 'Sagar Samriddhi' system, the dredging cost will significantly decrease, ensuring transparency
and efficiency.
What is NTC PWC:
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The NTC PWC was
established under the Sagarmala Programme of MoPSW with the total investment of
RS 77 Crores at IIT Madras in April
2023.
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The aim of the center is
to enable research & development for
the marine sector, enabling solutions towards achieving the ultimate goal
of building a robust marine industry in the country.