PIB Summaries 03 Could 2025
Content material:
- Prime Minister Shri Narendra Modi dedicates Vizhinjam Worldwide Seaport in Kerala value ₹8,800 crore to the nation
- NITI Aayog Releases Report on “Enhancing Competitiveness of MSMEs in India”
Prime Minister Shri Narendra Modi dedicates Vizhinjam Worldwide Seaport in Kerala value ₹8,800 crore to the nation
Vizhinjam Port: Strategic and Financial Significance
- First devoted container transshipment port in India; developed at a price of ₹8,800 crore.
- Positioned close to one of many world’s busiest worldwide sea routes, guaranteeing strategic maritime benefit.
- Possesses a pure draft of ~20 meters, enabling docking of ultra-large cargo vessels.
- Goals to cut back India’s reliance on overseas transshipment hubs like Colombo, Singapore, and Port Klang.
- Anticipated to triple transshipment capability in coming years, aiding in freight price discount and overseas trade financial savings.
Relevance : GS 2(Infrastructure)
Maritime Sector and Commerce Infrastructure
- 75% of India’s transshipment at the moment happens at overseas ports — this port is a step towards reversing that pattern.
- Will function a gateway for worldwide commerce, enhancing the worldwide competitiveness of Indian items.
- Facilitates higher logistics efficiency and contributes to improved commerce steadiness and export effectivity.
Built-in Infrastructure underneath Nationwide Missions
- Developed underneath the Sagarmala Programme, which goals to:
- Modernize port infrastructure.
- Enhance port-linked industrialization.
- Improve coastal neighborhood growth.
- Linked with PM-Gati Shakti Grasp Plan to make sure multi-modal connectivity (rail, highway, waterways, air).
- Port infrastructure integrates with nationwide logistics networks for quicker turnaround and last-mile connectivity.
Effectivity and World Rating
- Turnaround time at main Indian ports has improved by 30% over the previous decade.
- India now handles extra cargo in much less time, boosting general financial productiveness.
- Two Indian ports at the moment are among the many high 30 globally, and India has improved within the Logistics Efficiency Index.
Public-Personal Partnership (PPP) and Funding
- Growth by PPP mannequin, attracting 1000’s of crores in non-public funding.
- Encourages technological innovation and ensures ports are future-ready and globally aggressive.
Employment and Industrial Development
- Will contribute to the creation of a shipbuilding and restore cluster in Kochi.
- Anticipated to generate 1000’s of direct and oblique jobs, benefiting native communities.
- Strengthens MSME ecosystem, particularly these concerned in marine provides, logistics, and ancillary providers.
Maritime Amrit Kaal Imaginative and prescient and World Corridors
- Port is a part of India’s Maritime Amrit Kaal Imaginative and prescient — a long-term technique for maritime progress.
- Kerala is positioned as a key hyperlink within the India-Center East-Europe Financial Hall (IMEEC).
- Enhances India’s strategic function in world maritime commerce corridors.
Seafarer Reforms and Capability Constructing
- Regulatory reforms within the maritime workforce:
- Variety of registered Indian seafarers elevated from 1.25 lakh (2014) to 3.25 lakh (2024).
- India ranks among the many high 3 international locations for seafarer workforce globally.
Broader Infrastructure Push in Kerala
- State witnessing holistic infrastructure upgrades:
- Completion of delayed initiatives like Kollam Bypass and Alappuzha Bypass.
- Enhanced rail and air connectivity together with the induction of Vande Bharat trains.
Coastal Economic system and Blue Revolution
- Give attention to fishermen welfare underneath:
- Pradhan Mantri Matsya Sampada Yojana and Blue Revolution.
- Modernization of fishing harbours like Ponnani and Puthiyappa.
- Provision of Kisan Credit score Playing cards to fishermen for improved monetary inclusion.
Historic and Civilizational Perspective
- Kerala has traditionally been a maritime commerce hub connecting India with West Asia and Europe.
- Revitalizing port infrastructure echoes India’s historic maritime glory and cultural outreach.
NITI Aayog Releases Report on “Enhancing Competitiveness of MSMEs in India”
Context and Function of the Report
- Launched by NITI Aayog in collaboration with the Institute for Competitiveness (IFC).
- Supplies a complete blueprint to boost the competitiveness of Micro, Small and Medium Enterprises (MSMEs) in India.
- Makes use of firm-level information and Periodic Labour Drive Survey (PLFS) to analyse ground-level challenges and alternatives.
Relevance : GS 2(Governance) ,GS 3(Indian Economic system)
Focus Areas
- Targets 4 precedence sectors:
- Seeks to deal with each frequent structural points and sector-specific challenges.
Key Challenges Recognized
- Restricted entry to formal credit score
- Formal credit score entry (2020–2024):
- Micro & Small Enterprises: ↑ from 14% to twenty%
- Medium Enterprises: ↑ from 4% to 9%
- Nonetheless, solely 19% of MSME credit score demand met by FY21.
- Estimated credit score hole: ₹80 lakh crore.
- Formal credit score entry (2020–2024):
- CGTMSE (Credit score Assure Fund Belief for MSEs)
- Expanded lately however faces implementation constraints.
- Wants restructuring and institutional collaboration for larger attain.
- Talent Shortages
- Majority of the MSME workforce lacks formal technical/vocational coaching.
- Low productiveness and restricted scalability.
- Low funding in R&D and innovation
- Hampers high quality enhancements and world market entry.
- Know-how Adoption Limitations
- Poor electrical energy provide and digital infrastructure.
- Excessive price of implementation and low consciousness of tech-support schemes.
- Advertising and Branding Limitations
- Weak outreach and branding methods, particularly in rural and cluster-based MSMEs.
Coverage and Governance Gaps
- Low consciousness of central/state schemes.
- Gaps in implementation and information integration.
- Weak stakeholder engagement at grassroots degree.
Suggestions by the Report
- Credit score Entry
- Revamp CGTMSE with extra focused and inclusive monetary merchandise.
- Enhance credit score evaluation mechanisms utilizing data-driven instruments
- Talent Growth
- Strengthen linkages between MSMEs and skilling establishments.
- Promote industry-specific upskilling, particularly for casual staff.
- Know-how Modernization
- Improve outdated equipment by cluster-based schemes.
- Incentivize R&D and tech adoption through state-level grants and subsidies.
- Market Entry & Digital Integration
- Coaching in digital advertising and marketing and e-commerce platforms.
- Associate with logistics suppliers to streamline provide chains.
- Develop direct market linkage platforms for distant areas.
- Coverage Revamp
- Cluster-based, state-level coverage frameworks with adaptive design.
- Emphasize monitoring, information integration, and state capability constructing.
- Particular consideration to MSMEs in northeast and jap India for inclusive growth.
Significance for India’s Financial Development
- MSMEs account for ~30% of GDP and 45% of exports.
- Reforms can rework MSMEs into progress engines for:
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