PM also unveiled following initiatives to strengthen India’s Maritime Sector towards becoming a global maritime leader under the Maritime Amrit Kaal Vision 2047.
- Indigenous shipbuilding capacity: Oil and Gas PSUs launched 59 shipbuilding orders worth ₹47,800 crore.
- Shipping Corporation of India (SCI) has set a target of 216 vessels by 2047 with an investment of ₹1 Lakh Crores.
Achievements of India’s Maritime Sector
- Centrality to India’s economy: India’s nearly 95% of trade by volume and about 70% by value moves through maritime routes.
- Port Capacity Doubled: To 2,762 million metric tonnes per annum (MMTPA) in 2024-2025 from nearly 1,400 MMTPA in 2014.
- Reduced average vessel turnaround time: From 93 hours (2014) to just 48 hours (2025), enhancing global competitiveness.
- India’s seafarer workforce: It has surged from 1.25 lakh in 2014 to over 3 lakh (12% of Global workforce) in 2025, making India one of the world’s top three suppliers of trained seafarers.
- Legislative boost: Through various acts such as Merchant Shipping Act, 2025, Coastal Shipping Act, 2025, Indian Ports Act, 2025 etc. to boost maritime sector.
Key Initiatives Taken to Boost India’s Maritime Sector
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