The minister highlighted Maritime India Vision 2030 and 2047, emphasizing mega projects and future-ready investments like Vadhavan Port, LNG bunkering, and hydrogen hubs
New Delhi
India has opened a $1 trillion investment opportunity in its maritime sector, inviting global players to participate in developing ports, logistics, and green shipping. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal made the announcement at the Ambassadors’ Roundtable Meet in New Delhi, attended by envoys from 28 countries. The event was held ahead of India Maritime Week 2025, scheduled in Mumbai from October 27 to 31.
Sonowal highlighted that the roadmap includes joint ventures in port development, cargo terminals, shipbuilding, ship repairs, recycling, green hydrogen hubs, and sustainable shipping. He said India aims to become a global hub for maritime innovation, with strong focus on clean energy and smart logistics.
The minister underlined that Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047 are shaping India’s shipping industry into a future-ready system. Mega projects such as Vadhavan Port, Galathea Bay Transshipment Port, Tuna Tekra Terminal, LNG bunkering facilities, and hydrogen hubs are among the priority investment areas.
Minister of State Shantanu Thakur noted that global companies are already collaborating with Indian firms on port modernization, digital operations, and green shipping. He stressed that technology like artificial intelligence and automation is boosting efficiency and global competitiveness.
Earlier this month, the government passed five new maritime laws to replace colonial-era regulations. These include the Bills of Lading Act, Carriage of Goods by Sea Act, Merchant Shipping Act, Coastal Shipping Act, and the Indian Ports Act. Officials said these reforms align India’s maritime framework with international standards, making it easier for investors to engage with the sector.
