India’s Maritime Sector Needs Enhanced Financing to Compete Globally
India, with a coastline of 7,516.6 km and over 200 ports, ranks as the 16th largest maritime nation. Despite its potential, it faces challenges like reliance on foreign vessels and limited financial support. Initiatives like the ₹25,000 crore Maritime Development Fund aim to revitalize the sector, yet access to affordable financing remains a hurdle.