India's Leadership Ambition in Global Green Shipping Sector Strengthened
India is advancing rapidly towards a leading role in the global green shipping transition through significant investments, renewable energy advantages, and strategic port upgrades. The government’s Rs 69,725 crore package aims to modernize shipbuilding, develop green fuel hubs, and create sustainable shipping corridors, positioning India as a key player in the zero-carbon maritime economy aligned with PM Modi’s vision for 2047.
The article highlights a transformative phase in the global shipping industry, focusing on India's emerging leadership in the green maritime transition. India benefits from low renewable energy costs, robust engineering capabilities, and skilled seafarers, enabling it to produce and export competitive green fuels like green ammonia. The government's recent Rs 69,725 crore ($8 billion) investment in shipbuilding and maritime infrastructure is a strategic move to rejuvenate the sector under the ‘Make In India’ initiative, aligning with international emission targets such as those set by the IMO for net-zero by 2050. Major Indian ports like Deendayal, VO Chidambaranar, and Paradip are being developed as green-fuel hubs with upgraded infrastructure to handle new fuel types and facilitate green shipping corridors both domestically and internationally. This will enable predictable demand and attract investment by reducing risks for financiers and shipowners. The article underscores that India’s green maritime plans will protect export markets, generate employment, and secure a competitive edge by avoiding future carbon penalties. Early visible successes will boost investor confidence and encourage replication nationwide, positioning India not only as a participant but as a proactive leader shaping the global low-carbon maritime economy, consistent with PM Modi’s vision for a developed India by 2047.
