As India approaches its centenary of independence, marked as ‘Amrit Kaal,’ the nation aims to leverage its expansive 7,500-kilometre coastline through the Maritime India Vision (MIV) 2047. This ambitious framework seeks to transform India from a regional maritime player into a “Global Maritime Hub,” fundamentally shifting from merely a transit point to a vital player in global trade.
Historically, Indian ports have faced challenges such as high logistics costs and slow turnaround times. The MIV 2047 aims to address these inefficiencies through technology. Key to this transformation are three pillars: the adoption of Digital Twins for infrastructure simulation, the integration of Internet of Things (IoT) for real-time monitoring, and implementing Artificial Intelligence for operational efficiency. These advancements promise to enhance speed and reduce vessel turnaround times significantly.
Additionally, to streamline trade processes, Blockchain technology is essential. By digitizing documentation like Bills of Lading, Indian ports can facilitate smoother and more transparent transactions, fostering trust as a transhipment hub. The vision emphasizes not only competitiveness but also sustainability, advocating for electrification and the use of green fuels.
Ultimately, the success of India’s maritime future relies on swiftly embracing these technological advancements to strengthen its position in the global supply chain landscape.
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