Prime Minister Narendra Modi urged global firms to invest in India’s maritime sector, highlighting substantial infrastructure improvements and regulatory reforms. He pointed to key legislative changes aimed at modernizing governance and enhancing global competitiveness, projecting investment potential exceeding ₹4.5 lakh crore, alongside a growing workforce of over 300,000 seafarers.
Cyient, GreenH, and Luxcara have teamed up to develop a cutting-edge green hydrogen facility in Bodø, Norway. This project will provide clean fuel to maritime transport in the Arctic Circle. With a focus on renewable energy sources, the collaboration aims to reduce emissions and align with climate goals.
DEENDAYAL Port Authority (dpa) and Cochin Shipyard LTD (CSL) have partnered to establish a state-of-the-art ship-repair hub in Gujarat at the cost of 1,750 crore rupees. CSL will manage repair operations at the Vadinar facility, with the capacity to service 32 ships annually. This collaboration aims to boost India’s ship repair capabilities.
The Central Government, along with the State Government of Goa, is developing Goa as a major cargo and cruise destination under the Sagarmala scheme. Projects include building an international and domestic cruise terminal, a ferry terminal, and enhancing inland transportation with coastal jetties. These efforts aim to boost the economy and local connectivity in the region.
According to DNV’s Expert report, India has the potential to become a hub for green shipbuilding with the focus on alternative fuels and renewable energy. Indian shipyards are being modernized to meet the global demand for green maritime assets. The government encourages investments and technology transfer from Japanese and Korean shipyards.
