India’s Initiatives to Boost Private Investment in Maritime Sector

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal emphasized the need for a conducive ecosystem to attract private investment in the maritime sector. The Government of India is focusing on developing infrastructure and skilled manpower in this sector to make it more appealing to investors. Sonowal highlighted the advantages of the maritime sector, such as cost-effective transportation and environmental friendliness, compared to railways and road transport. To attract private investors, the government is working on creating the necessary infrastructure and implementing various schemes.

Sonowal provided insights into infrastructure development in the maritime sector in the region, mentioning plans for constructing five lighthouses along the river Brahmaputra. These lighthouses will not only assist vessels but also serve as tourist attractions. Additionally, a maritime skill development center has been established in Dibrugarh, with plans to upgrade it into a center of excellence. Sonowal addressed the shortage of skilled manpower in the maritime sector nationwide, highlighting the opportunities for trained youth to secure jobs within the country and potentially abroad.

The government is also focusing on developing jetties and terminals along the river Brahmaputra, catering to both passengers and cargo. Cruise jetties are being identified in Guwahati, Dibrugarh, Biswanath Ghat, and Silghat to attract tourists. The completion of the ship repair facility at Pandu is expected to change the scenario for private investors operating on the Brahmaputra, as it eliminates the need to transport ships to Kolkata for repairs. Sonowal assured that the reduction of the river Brahmaputra’s depth during the lean season should not hinder ship movement, as the Dredging Corporation of India is responsible for maintaining a cruise channel in the river.

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