Govt starts port development firm with ₹1,000 cr
The government on Thursday incorporated the Sagarmala Development Company with an initial authorised share capital of  ₹1,000 crore, to provide equity support to port-led development projects. Sagarmala is a developmental model for modernising ports to link coastal territories with remote areas. Earlier, Union Minister Nitin Gadkari had said the project will create around 10 million jobs.