Maritime India Vision sets eyes on Rs 20 lakh crore

19 Oct 2023 CW Team

India is gearing up for a colossal investment of approximately Rs 75-80 lakh crore to fuel the aspirations outlined in Vision 2047, a strategic roadmap for the nation's maritime sector. This substantial funding will play a pivotal role in boosting port handling capacity fourfold, establishing maritime clusters in proximity to Indian ports, and transforming three islands into hubs for bunkering, ship repair, and Vessel Spares and Stores, among other critical initiatives. Official estimates suggest that a substantial Rs 15-20 lakh crore of this investment will be directed towards expanding the country's port handling capacity by the year 2047.

Prime Minister Narendra Modi, while addressing the esteemed gathering at the Global Maritime India Summit 2023, expressed his vision, stating, "The day is not far when India will be one of the top 3 economic powers of the world. In the Post-Corona world, the world needs reliable and resilient supply chains."

A presentation delivered by the Ministry of Ports, Shipping, and Waterways during the summit underscored the necessity of Rs 20 lakh crore in investments to achieve the ambitious objectives laid out in the Amrit Kaal Vision 2047 document, aimed at the flourishing development of India's maritime sector. This massive financial commitment underscores India's determination to emerge as a global maritime force in the coming years.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..