India Maritime Week 2025 Secures Investment of ₹12 Lakh Crores

Posted 01 Nov 2025

2 min read

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

The Maritime India Vision 2030: Identifies 10 pivotal themes to shape India’s journey toward becoming a global maritime powerhouse, e.g. port infrastructure, logistics efficiency, etc.
Maritime Amrit Kaal Vision 2047: Aiming over INR 70 lakh crore of investments for shipbuilding, cruise tourism, skill development, etc.
Sagarmala Programme: Focuses on cutting logistics costs, creating employment, etc.
The Green Tug Programme: To deploy 100 eco-friendly tugs by 2040.
Maritime Security Framework: Free, open and inclusive through strategic frameworks including MAHASAGAR, Act East Policy, Indian Ocean Naval Symposium, etc.