India’s ₹2 Trillion Investment to Transform Maritime Growth
India is making a substantial investment of ₹2 trillion in its maritime sector. This ambitious roadmap includes expanding shipbuilding capacity with an additional 4 million Gross Registered Tonnage (GRT), enhancing port infrastructure, and promoting sustainability within the industry. The initiative is being driven through collaborative efforts between the central and state governments, alongside policy reforms and skill development programmes.
One of the most significant aspects of this investment is the establishment of the Bharat Container Shipping Line under the Shipping Corporation of India (SCI), which aims to strengthen India’s maritime presence. Additionally, the development of a Coastal Green Shipping Corridor, starting with the Kandla-Tuticorin route, marks a major step towards reducing the industry’s carbon footprint and advancing green shipping practices. To accelerate sustainability efforts, the government is launching the Harbour Craft Green Transition Programme to encourage clean energy adoption across major ports.
Within the next three months, all key ports will be mandated to tender for at least one green tug, reinforcing India’s commitment to eco-friendly maritime operations. Further infrastructure enhancements are underway, with the Inland Waterways Authority of India (IWAI) investing in the improvement of three National Waterways in Jammu & Kashmir. This initiative will revitalise inland water transport on the Chenab, Jhelum, and Ravi rivers, significantly improving connectivity and boosting regional trade. Beyond physical infrastructure, the government is spearheading digital transformation within the maritime sector.
The launch of the Sagarmala Startup and Innovation Initiative (S2I2) and the establishment of Maritime Innovation Hubs (MIHs) aim to foster technological advancements and entrepreneurship. In collaboration with the Centre for Development of Advanced Computing (C-DAC), the Sagarmala Digital Centre of Excellence will focus on enhancing efficiency and competitiveness in the industry. India’s cruise tourism sector is also set to benefit from this investment, with the Mumbai International Cruise Terminal scheduled to commence commercial operations by April 2025.
Additionally, the introduction of India Ports Services Limited (IPSL) will provide streamlined end-to-end services across major ports, enhancing operational efficiency and attracting foreign investments. The extensive investment signals the government’s long-term vision for the maritime sector, aimed at modernising infrastructure, promoting sustainability, and reinforcing India’s position as a global maritime powerhouse. The success of these initiatives will depend on efficient execution, sustained policy support, and active industry participation.
