India Commits $20 Billion for Maritime Infrastructure
PORTS & SHIPPING

India Commits $20 Billion for Maritime Infrastructure

India has committed USD 20 billion (approximately Rs 1.67 trillion) towards infrastructure development, with a strategic focus on enhancing multimodal logistics, port connectivity, and trade facilitation, Union Minister Sarbananda Sonowal announced on Thursday.

Speaking at the Nor-Shipping conference in Oslo, the Ports, Shipping and Waterways Minister emphasised India’s expanding maritime capabilities, highlighting a favourable investment climate driven by progressive policy reforms, robust shipbuilding expertise, and innovative financing mechanisms aimed at accelerating growth in the sector.

According to an official statement, Sonowal also called for stronger global partnerships in seafarer recruitment to meet the rising demands of the shipping industry.

He underscored India’s commitment to strengthening global maritime supply chains through strategic corridors such as the India–Middle East–Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North–South Transport Corridor (INSTC).

"Through policy incentives, ease of doing business, and infrastructure enhancement, we are laying the foundation for India to emerge as one of the top five shipbuilding nations by 2047," Sonowal stated.

In a push for a sustainable maritime future, the minister revealed that India is developing three Green Hydrogen Hub Ports – Kandla, Tuticorin, and Paradip. These hubs will support the production of green hydrogen and its derivatives, and promote the adoption of alternative fuels across maritime operations.

Sonowal is currently on a five-day official visit to Norway and Denmark to deepen international collaboration in the shipping and maritime sectors.


India has committed USD 20 billion (approximately Rs 1.67 trillion) towards infrastructure development, with a strategic focus on enhancing multimodal logistics, port connectivity, and trade facilitation, Union Minister Sarbananda Sonowal announced on Thursday.Speaking at the Nor-Shipping conference in Oslo, the Ports, Shipping and Waterways Minister emphasised India’s expanding maritime capabilities, highlighting a favourable investment climate driven by progressive policy reforms, robust shipbuilding expertise, and innovative financing mechanisms aimed at accelerating growth in the sector.According to an official statement, Sonowal also called for stronger global partnerships in seafarer recruitment to meet the rising demands of the shipping industry.He underscored India’s commitment to strengthening global maritime supply chains through strategic corridors such as the India–Middle East–Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North–South Transport Corridor (INSTC).Through policy incentives, ease of doing business, and infrastructure enhancement, we are laying the foundation for India to emerge as one of the top five shipbuilding nations by 2047, Sonowal stated.In a push for a sustainable maritime future, the minister revealed that India is developing three Green Hydrogen Hub Ports – Kandla, Tuticorin, and Paradip. These hubs will support the production of green hydrogen and its derivatives, and promote the adoption of alternative fuels across maritime operations.Sonowal is currently on a five-day official visit to Norway and Denmark to deepen international collaboration in the shipping and maritime sectors.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?