India is charting an ambitious course for its maritime sector, with Union Minister Sarbananda Sonowal announcing a target of ₹80 lakh crore in investments and the creation of 1.5 crore jobs by 2047. This bold vision was shared during a press conference in Mumbai, held in anticipation of the upcoming India Maritime Week (IMW) 2025, scheduled from October 27 to 31.
Fostering Global Cooperation
Minister Sonowal emphasized that the maritime sector is undergoing a profound transformation, aligning seamlessly with the national aspiration of ‘Viksit Bharat’ (Developed India). The goal is to attract substantial investments, develop world-class infrastructure, and significantly boost India’s global competitiveness across the entire blue economy by 2047. “This strategic overhaul presents immense opportunities for international collaboration, underscored by a projected $1 trillion maritime investment roadmap,” he stated.
“Under the visionary guidance of Prime Minister Narendra Modi, we are dedicated to building a port, shipping, and logistics ecosystem that is resilient, sustainable, and prepared for the future. IMW 2025 is designed to be a crucial platform where innovative ideas will evolve into tangible projects, and commitments will blossom into strong partnerships. India is ready to lead and collaborate, forging a maritime future that is prosperous, environmentally conscious, and universally beneficial.”
Anticipating a Grand Maritime Showcase
The India Maritime Week (IMW) 2025 is set to be a monumental event, expected to draw over 1 lakh delegates and 500 exhibitors from more than 100 nations. High-level ministerial delegations from countries like Singapore, the UAE, South Korea, Japan, and Denmark are confirmed attendees. Prestigious international organizations such as the International Maritime Organisation (IMO) and UNESCAP will also be present, alongside prominent Indian states like Maharashtra, Gujarat, Kerala, and Tamil Nadu, and major industry leaders including Adani Ports and Logistics, Cochin Shipyard, and Paradip Port Authority.
Minister Sonowal highlighted the significant progress already made, noting an eightfold increase in cargo movement on inland waterways since 2014. He also pointed out a remarkable 60% reduction in turnaround time at major ports, while Sagarmala projects, totaling over ₹5.5 lakh crore, continue to revolutionize coastal logistics. “India now proudly contributes 12% of the world’s seafarers, a testament to our maritime capabilities and skilled workforce,” he added.
Looking ahead, the Union Minister confirmed a strong focus on a sustainable and technologically advanced maritime future, with all 12 major ports aiming for carbon neutrality by 2047 and green energy transition targets for 2035 already actively being pursued.