The West Bengal government has announced that the Rs 450 crore Balagarh terminal will boost trade at Kolkata port. The terminal is expected to have a capacity of handling 7,20,000 containers per year. This move is expected to help the Kolkata port compete with other major ports in the country like Jawaharlal Nehru Port Trust and Chennai Port Trust.
The terminal is being developed by Infrastructure Development Finance Company (IDFC) and J M Baxi Group. The construction of the terminal is expected to begin in the next few months and is expected to be completed within the next two years.
The Balagarh terminal will be located near the Budge Budge port and will provide connectivity to major highways and State and National highways. The terminal is expected to have a railway connectivity, which will improve the transport and logistics in the region.
The Balagarh terminal is expected to cater to the growing demand for container handling services in the region. The demand for container handling services has been increasing in Kolkata and other major ports in the country due to the increasing trade between India and other countries.
The terminal will have a dedicated area for storage and handling of containers, which will reduce the congestion at Kolkata port. The Balagarh terminal will also have a mechanism to handle hazardous cargo, which will further enhance its capabilities.
This move is expected to boost the economy of the region and create job opportunities for the local people. The Balagarh terminal will also provide a boost to the MSME sector in the region, which will be able to expand its reach with improved transport and logistics facilities.
The construction of the Balagarh terminal is part of the West Bengal government’s efforts to boost the infrastructure in the region. The government is also working on developing the Sagarmala project, which is aimed at improving the port infrastructure in the country and enhancing the connectivity between ports and the hinterland.
The Sagarmala project is expected to provide employment opportunities to over one crore people and will boost the country’s economy by about 2 percent. The project will also help in reducing logistics costs and improving the competitiveness of Indian exports in the global market.
The Balagarh terminal is expected to play a key role in the success of the Sagarmala project. The terminal will not only improve the transport and logistics in the region but also provide additional storage and handling facilities, which will reduce the congestion at Kolkata port.
The Balagarh terminal is expected to benefit the agriculture and food processing sector in the region. The terminal will provide a faster and more efficient way for the farmers to transport their goods to the port for export. This will help the farmers to get better prices for their produce and also increase their income.
The Balagarh terminal is a welcome move by the West Bengal government, which is focused on developing the infrastructure in the region. The terminal will provide a boost to the local economy and create job opportunities for the people in the region. The terminal will also help in improving the transport and logistics in the region and reduce the congestion at Kolkata port.
In summary, the development of the Rs 450 crore Balagarh terminal is a significant step towards improving the infrastructure in the region. The terminal is expected to cater to the growing demand for container handling services in the region and provide a boost to the economy. The terminal will also reduce the congestion at Kolkata port and improve the transport and logistics in the region. The Balagarh terminal is a key component of the Sagarmala project and is expected to play a major role in its success.