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Inland Waterways Development Council (IWDC)

January 9, 2024

GS Paper III Indian Economy

Context: India’s First Inland Waterways Development Council (IWDC) has commited Rs. 45,000 crore for the development of River Cruise Tourism.

Inland Waterways Development Council: Transformative Roadmap for River Cruise Tourism

The IWDC was organized by the Inland Waterways Authority of India (IWAI).
Monetary Commitments: Rs. 35,000 crore for cruise vessels and Rs. 10,000 crore for cruise terminal infrastructure by 2047.
Other Initiatives: ‘Harit Nauka’ guidelines and the ‘River Cruise Tourism Roadmap, 2047′ were also launched during the event.
- The outlined roadmap aims to expand the capacity for River Cruise tourism, increase the number of cruise circuits, and enhance infrastructure, signaling a transformative journey toward sustainable development and economic rejuvenation.

About IWDC

Establishment: The IWDC was established in October 2023 by the government of India.
Objective: To develop the Inland Water Transport (IWT) ecosystem for improved cargo efficiency, passenger movement, and river cruise tourism.

Must Read: Global Maritime India Summit 2023

News Source: PIB

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