Over Rs 3 lakh crore allocated for Sagarmala projects: President

New Delhi, Jan 31: President Pranab Mukherjee on Tuesday said the government has allocated Rs 3 lakh crore for the implementation of 199 projects under the ambitious Sagarmala port-led development plan for the next three years."My government is committed to optimally harness our marine wealth and give a new impetus to ocean-led development," Mukherjee told a joint session of Parliament. "Under the Sagarmala programme on port-led development, a total of 199 projects with an outlay of over Rs 3 lakh crore have been identified for implementation in the next three years." Mukherjee said: "Of these, projects of more than Rs 1 lakh crore are already under implementation."