Prime Minister Narendra Modi urged international firms to invest in India’s maritime sector, underscoring advancements in infrastructure and regulatory reforms aimed at establishing the country as a global maritime leader. Speaking On Thursday at the Maritime Leaders Conclave in Mumbai, Modi emphasized the sector’s transformation since he took office in 2014, with the maritime industry now reflecting modern infrastructure and national pride.
In a LinkedIn update, he highlighted government measures to enhance the maritime sector, such as simplifying laws, upgrading port facilities, and approving a ₹70,000 crore investment package focused on shipbuilding. Modi stated that India’s extensive coastline, strategic trade routes, and world-class ports make it well-positioned for investment.
He also pointed to key legislative reforms, including the Bills of Lading Bill and the Indian Ports Bill (2025), which modernize governance and align domestic regulations with global standards. Modi projected that initiatives would attract investments exceeding ₹4.5 lakh crore, facilitating the production of over 2,500 vessels.
Additionally, India has become a significant player in the global maritime workforce, with the number of Indian seafarers increasing to over 300,000. Infrastructure advancements, including the new Vizhinjam Port and improvements at Kandla and JNPT, indicate robust growth in the sector and a commitment to enhancing India’s global maritime position.
Share it now
