India Sets Sail for Global Maritime Dominance with Vision 2030 and Amrit Kaal 2047

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India Sets Sail for Global Maritime Dominance with Vision 2030 and Amrit Kaal 2047

1. Context

• India’s maritime sector, which handles 95% of trade by volume and 70% by value, is undergoing a major transformation under two strategic blueprints:
  • Maritime India Vision (MIV) 2030, and
  • Maritime Amrit Kaal Vision 2047.
• Together, these frameworks aim to modernize ports, expand shipping and inland waterways, and promote sustainable, technology-driven maritime growth.

2. Key Highlights of Maritime India Vision 2030 (MIV 2030)

• Investment Size: ₹3–3.5 lakh crore across 150+ strategic initiatives.
• Core Objectives:
  1. Port modernization and digitalization.
  2. Expansion of coastal and inland shipping capacity.
  3. Development of shipbuilding and repair infrastructure.
  4. Strengthening logistics efficiency to reduce costs.
• Recent Boost: ₹69,725 crore package for shipbuilding to enhance domestic capabilities.

3. India Maritime Week 2025

• Venue: NESCO Exhibition Centre, Mumbai (October 27–31).
• Participation: 100,000 delegates from over 100 countries.
• Features: 500 exhibitors, technology demonstrations, thematic pavilions, and sessions on shipbuilding clusters and digital maritime corridors.
• Objective: To foster collaboration and showcase India’s maritime transformation.

4. Performance Achievements (Last Decade)

5. Shipping and Inland Waterway Expansion

• Indian-flagged vessels: Increased from 1,205 to 1,549.
• Gross tonnage: From 10 million to 13.52 million.
• Coastal shipping: Cargo movement doubled from 87 MMT to 165 MMT.
• Inland waterway cargo: Up by 710%, from 18 MMT (2014) to 146 MMT (2025).
• Operational waterways: Increased from 3 to 29.
• Seafarers: Workforce grew from 1.25 lakh to 3 lakh, now forming 12% of global seafarers.

6. Financing and Infrastructure Push

• Maritime Development Fund: ₹25,000 crore for long-term financing.
• Shipbuilding Financial Assistance Scheme: ₹24,736 crore to offset cost disadvantages.
• Shipbuilding Development Scheme: ₹19,989 crore for greenfield clusters and yard expansions.
• Indian Ship Technology Centre (Visakhapatnam): ₹305 crore hub for design, R&D, and skill development.
• Cruise Bharat Mission: Two luxury cruise ships under construction at Hooghly Cochin Shipyard (₹250 crore) to boost Assam’s river tourism by 2027.
• Inland Waterways in Northeast: Over ₹1,000 crore invested; ₹300 crore projects completed.

7. Sagarmala Programme – Cornerstone Initiative

• Projects: 840 total projects worth ₹5.8 lakh crore by 2035.
• Completed: 272 projects (₹1.41 lakh crore).
• Ongoing: 217 projects (₹1.65 lakh crore).
• Objective: Reduce logistics costs, promote coastal employment, and enhance trade efficiency through sustainable transport systems.

8. Maritime Amrit Kaal Vision 2047

• Total Investments: Nearly ₹80 lakh crore.
• Aim: Establish India as a top global maritime and shipbuilding power by 2047.
• Focus Areas:
  • Development of green shipping corridors.
  • Adoption of green hydrogen and methanol-based fuels.
  • Digitally enabled and automated logistics.
• Recent Developments (September 2025):
  • “Samudra Se Samriddhi” event witnessed 27 MoUs worth ₹66,000 crore creating 1.5 lakh jobs.
  • Greenfield Port at Bahuda (Odisha): ₹21,500 crore, 150 MTPA capacity.
  • Patna Water Metro Project: ₹908 crore, uses electric ferries.
  • New Mangalore Port: ₹107 crore multi-speciality hospital and cruise terminal.

9. Strategic and Economic Significance

• Trade and Logistics: Enhances India’s share in global maritime trade and cuts logistics costs.
• Employment: Expands shipbuilding and port-related job opportunities.
• Environmental Sustainability: Promotes clean energy and low-emission vessels.
• Geopolitical Edge: Strengthens India’s maritime presence in the Indo-Pacific.
• Regional Growth: Boosts connectivity and economic development in the Northeast.

STATIC PART

Maritime India Vision (MIV) 2030:

A 10-year blueprint under the Ministry of Ports, Shipping and Waterways to modernize India’s maritime infrastructure and enhance its global competitiveness.Sagarmala Programme:

Flagship initiative to reduce logistics cost, promote port-led industrialization, and integrate coastal economic zones.Maritime Amrit Kaal Vision 2047:

Long-term strategy aligned with Vision India@2047 to make India a global leader in shipbuilding, green shipping, and maritime logistics.

Updated: 26 October 2025; 4:23 PM | News Source:DD News