India perfect harbour for investments in maritime sector: PM Modi

Published By DPRJ Universal | Published on Thursday, 30 October 2025

Prime Minister Narendra Modi announced a Rs 70,000 crore investment package to boost India's maritime sector, aiming to attract over Rs 4.5 lakh crore in investments. He emphasized India's strong infrastructure, innovation, and strategic advantages including a long coastline, world-class ports, and global trade routes. Reforms and new legislations have modernized maritime governance and doubled port capacity, positioning India as a global leader in shipbuilding and maritime innovation.

At the India Maritime Week 2025, Prime Minister Narendra Modi called upon global companies to invest in India’s maritime sector, highlighting the country’s significant progress and strategic advantages. He detailed a comprehensive Rs 70,000 crore umbrella package comprising schemes like the Shipbuilding Assistance Scheme and Maritime Development Fund aimed at producing 2,500+ vessels and attracting Rs 4.5 lakh crore investments. Modi underscored infrastructure development, cutting vessel turnaround times, and doubling port capacity from 1,400 to 2,762 MMTPA, fostering India’s emergence as a major maritime hub. He also noted the introduction of five landmark bills including the Bills of Lading Bill and Indian Ports Bill (2025), which have modernized governance, simplified trade, empowered states, and brought Indian maritime practices in line with global standards. The Prime Minister invoked India’s rich maritime history and affirmed the country’s intent, innovation, and infrastructure as ideal enablers for investment and leadership in the global blue economy. Additionally, government officials reported Rs 12 trillion in investment commitments from global CEOs across various maritime sectors, enhancing India’s shipbuilding capacity and green shipping initiatives. The event showcased India’s strategic roadmap to enhance port modernization, logistics, coastal shipping, and allied maritime services, reinforcing its position as a preferred destination for maritime investment and innovation.