India should focus more on maritime sector to become developed nation by 2047: Mandaviya
Labour and Employment Minister Mansukh Mandaviya emphasized that India's maritime sector is crucial for the country's development by 2047. The sector supports 95% of India's trade by volume and offers significant potential for job creation and trade growth. The government is actively working to build an ecosystem for shipbuilding to revive India's maritime strength, aligning with the country's long-term economic goals.
India's maritime sector is identified as a key driver for the nation's economic development and global trade leadership by 2047. Minister Mansukh Mandaviya highlighted the sector's importance in supporting 95% of India's trade by volume and its potential to generate massive employment opportunities and enhance trade activity. The government is focused on reviving India's historical maritime strength, particularly through investments and policies fostering shipbuilding and port infrastructure modernization. This vision aligns with broader national initiatives such as the Maritime India Vision 2030 and the Maritime Amrit Kaal Vision 2047, which collectively aim to modernize ports, expand shipping capacity, improve inland waterways, and introduce sustainable shipping technologies. These efforts are expected to attract substantial investments, create millions of jobs, significantly increase cargo handling capacity, improve operational efficiency, and boost India's role in global maritime trade and supply chains. The initiatives also involve replacing old maritime laws with modern frameworks, streamlining port operations, enhancing safety and sustainability, and promoting green technologies in shipping. Overall, the maritime sector's transformation is positioned as integral to India’s aspiration of becoming a developed nation by its centenary in 2047, reinforcing economic growth, job creation, and global trade integration.
