India’s Ministry for Ports, Shipping and Waterways has announced five new initiatives aimed at transforming the country into a global leader in the maritime sector. The “Panch Karma Sankalp” includes providing financial support of 30% for promoting green shipping, the procurement of two tugs each for four ports under the green tug conversion program, and developing hydrogen hubs in some of these ports. The ministry also plans to establish a single-window portal to facilitate and monitor river and sea cruises and convert three ports into smart ports by next year.
The initiatives were announced following the ministry’s second Chintan Shivir event in Munnar. The Ministry plans to bring about sustainable development in the sector and India’s Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, has warned of strict measures in case of project delays. He reaffirmed their commitment to green shipping and digitization to become a global leader under Prime Minister Narendra Modi’s leadership.
In addition, the Chintan Shivir event focused on improving port management, standardization, cargo handling rate in major ports, and how to improve cargo in inland waterways and coastal shipping. The Ministry’s goal is to achieve effective, efficient and energetic transport by consistently incorporating sustainable elements into the sector. The Ministry will review progress towards these targets in a mid-year Chintan Shivir after a few months.
India’s maritime sector has significant potential for growth and the country aims to create a sustainable shipping industry that is environmentally friendly. The Ministry aims to reduce the carbon footprint of shipping by promoting the use of cleaner fuels, developing alternative energy sources, and energy-efficient ships. As part of the Ministry’s green port initiative, major ports have been asked to examine opportunities to reduce their carbon footprint, including the use of renewable energy sources.