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Coastal Economic Zone (Significance (Reduction (Time (Goods movement),…
Coastal Economic Zone
Significance
port-led development
Reduction
Logistics cost
Time
Goods movement
Enhance
Global competitiveness
Indian manufacturing
export-led coastal economy
employment creation
Foreign investments
Growth
Small and medium industries
What
Spatial economic region
300-500 km of coastline
200-300 km inland from the coastline.
grouping of coastal districts
geographical boundary within which
port led industrialization
through uniform policy
Challenges
Land
Availability
Acquisition cost
Compensation cost
Lack of infra
Goods evacuation
Involvement
Multiple agencies
= fragmented approach
Why in News?
India's first Mega CEZ
at JNPT
Maharashtra
North konkan region
Part of 14 CEZs
National Perspective Plan
Sagarmala