Directions: One statement is given, followed by two conclusions I and II. You have to consider the statements to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given conclusions be definitely drawn from the given statement.

Statement: 

Sagarmala project launched by the central government is focused on the development of Industrial sector through ports and inland waterways development.

Conclusion:

I. Industrial development is possible only through port development.

II. The project will reduce the cost and time for transportation of goods.