India Targets ₹80 Lakh Crore Maritime Investments, 1.5 Crore Jobs by 2047: Sonowal

By Admin

15 Oct, 2025

Transforming India’s Maritime Future
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced that India is targeting ₹80 lakh crore in maritime investments and the creation of 1.5 crore jobs by 2047, setting the stage for a transformative era in the nation’s maritime sector. Speaking at a press conference at the NESCO Exhibition Centre in Mumbai on October 14, ahead of India Maritime Week (IMW) 2025, Sonowal emphasized that the maritime ecosystem is being closely aligned with the national vision of Viksit Bharat.

Building a Global Maritime Powerhouse
The minister highlighted India’s ambition to develop world-class infrastructure, boost the blue economy, and strengthen global competitiveness. As part of this long-term strategy, a $1 trillion maritime investment plan is being proposed to encourage international collaboration and partnerships. “Under the dynamic leadership of Prime Minister Narendra Modiji, we are working to build a resilient, sustainable, and future-ready maritime ecosystem. IMW 2025 will be a platform where ideas translate into projects and commitments into partnerships,” Sonowal stated.

India Maritime Week 2025: A Global Convergence
IMW 2025, scheduled from October 27 to 31, promises to be one of the largest maritime gatherings in the world. The event is expected to attract over one lakh delegates and 500 exhibitors from more than 100 countries. Ministerial delegations from Singapore, the UAE, South Korea, Japan, and Denmark will participate, alongside global organisations such as the International Maritime Organization (IMO) and UNESCAP. Major Indian states and leading industry players including Adani Ports and Logistics, Cochin Shipyard, and Paradip Port Authority will also showcase their initiatives.

Achievements and Ongoing Initiatives
Highlighting the sector’s remarkable progress, Sonowal noted that cargo movement on inland waterways has increased eightfold since 2014, while turnaround time at major ports has dropped by 60%. Additionally, over ₹5.5 lakh crore worth of Sagarmala projects are reshaping India’s coastal logistics landscape. He also pointed out that India now contributes 12% of the world’s seafarers, underlining the nation’s growing prominence in global maritime operations.

Toward a Green and Sustainable Maritime Economy
The minister further emphasized sustainability as a key pillar of India’s maritime vision. All 12 major ports are expected to achieve carbon neutrality by 2047, with several already implementing green energy transition goals for 2035. These initiatives are part of a broader shift toward a sustainable, technology-driven maritime future that supports both economic growth and environmental stewardship.

A Vision for 2047
India’s ₹80 lakh crore maritime roadmap represents more than just an investment target it embodies the nation’s commitment to becoming a global maritime leader by 2047. Through innovation, collaboration, and sustainability, the country is steering toward a future where the seas will not only connect economies but also power Viksit Bharat’s long-term prosperity.