With over 400 rivers, including 8 major river systems, India’s vast and diverse landscape is intertwined with its waterways. These rivers not only hold immense significance in the religious and cultural life of the nation but also have played a crucial role in transportation.
The 20th century saw the continued utilisation of inland waterways by the government and major public sector undertakings. As the 21st century dawned, it presented various opportunities for private players to invest in and foster the growth of this industry. The government and regulatory bodies have since shifted their focus towards encouraging private participation in the inland logistics sector, recognising its role as the backbone of trade and industry in any nation.
India’s vast river network remains an underutilised asset with untapped potential. Modernising and expanding inland water transportation systems can significantly reduce the burden on the country’s road and rail networks. Additionally, waterways offer a cost-effective and environment-friendly mode of transportation.
The benefits of developing and upgrading inland waterways are numerous. They hold the potential to bolster the economy, create employment opportunities and enhance trade connectivity. By investing in this sector, India can bring about economic transformation and regional development, particularly in areas near these water bodies.
As India seeks to further develop and harness the potential of its inland waterways, it is essential to encourage both public and private investment. With appropriate measures, inland water transportation can once again emerge as a significant contributor to the nation’s growth.
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