India has committed $20 billion towards infrastructure development aimed at enhancing multimodal logistics, port connectivity, and trade facilitation.
Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, announced this significant investment, highlighting the government’s vision to position India as a global maritime leader by 2047. The investment aligns with India’s broader goals of becoming a modern, self-reliant, and inclusive economy. Under the leadership of Prime Minister Narendra Modi, the country is focusing on transforming its maritime sector to drive growth, resilience, sustainability, and strategic connectivity.
A cornerstone of this initiative is the establishment of three Green Hydrogen Hub Ports in Kandla, Tuticorin, and Paradip. These ports are being developed to support the manufacturing and export of green hydrogen and its derivatives, marking a significant step towards sustainable maritime practices. The initiative is part of India’s commitment to the International Maritime Organization’s Green Voyage 2050 initiative, assisting developing countries in their energy transitions. In addition to green initiatives, India is enhancing its maritime digital ecosystem through projects like the One Nation-One Port Process (ONOP), National Logistics Portal (Marine), and MAITRI – Virtual Trade Corridor. These platforms aim to create a unified national system for port services and EXIM trade, improving operational transparency and reducing transaction times.
The government’s efforts are also focused on expanding port infrastructure and integrating logistics systems. Strategic corridors such as the India-Middle East-Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North-South Transport Corridor (INSTC) are being developed to strengthen maritime connectivity and supply chains. To support these initiatives, India is establishing a Maritime Development Fund, a blended finance model aimed at unlocking private investment in the maritime sector. The fund will provide long-term financing for shipbuilding and repair industries, with the government contributing 49% and the remainder sourced from ports and the private sector.
Through these comprehensive measures, India is laying the foundation for a sustainable, efficient, and globally competitive maritime sector. The $20 billion investment underscores the country’s commitment to achieving its Maritime Vision 2047 goals and enhancing its position in the global shipping industry. As India continues to modernize its maritime infrastructure and embrace sustainable practices, it is poised to become a key player in the global maritime arena, contributing to economic growth and environmental sustainability.
Also Read: PMRDA Demolishes Illegal Six-Storey Building in Marunji Amid Crackdown
