Prime Minister Narendra Modi highlighted India’s strong industrial base and the ‘Make in India’ initiative, emphasizing a $8 billion investment to revitalize shipbuilding and maritime sectors. Union Minister Sarbananda Sonowal noted a pivotal shift towards zero-carbon vessels, positioning India to lead in the global transition to green shipping.
The Indian government is focusing on a world-class shipping cluster in Dugarajapatnam, Andhra Pradesh, with an investment of ₹26,000 crore. Union Minister Sarbananda Sonowal announced that the project will support around 5,000 direct jobs, enhancing the state’s maritime initiatives and fostering economic growth through improved logistics and infrastructure.
Odisha is poised to boost its port-led industrialization strategy, targeting investments of around Rs 1 lakh crore under the Purvodaya vision. Industries Minister Sampad Chandra Swain announced this during a Paradip Port roadshow, emphasizing the state’s strategic coastline and plans for new ports and maritime hubs to enhance trade capacity.
India’s maritime sector is poised to attract investments of ₹80 lakh crore, generating 1.5 crore jobs while promoting green shipping practices, announced Union Minister Sarbananda Sonowal. The Maritime Amrit Kaal Vision aims to elevate India to a global maritime superpower, linking prosperity and sustainability with the nation’s heritage.
The UK government has announced a £1.1 billion investment package for the maritime sector, focusing on coastal community growth and clean shipping. This funding, revealed during London International Shipping Week, includes £448 million for decarbonization and significant private sector contributions, aiming to create thousands of jobs and enhance sustainable technologies.
DP World’s $2.5 billion investment in global logistics infrastructure aims to create nearly 5,000 new construction jobs by 2025 across several countries, including India, Britain, and Senegal. This initiative, highlighted by projects like the Tuna Tekra terminal and the Ndayane port, underscores economic transformation driven by supportive trade practices.
The Ministry of Ports, Shipping and Waterways held an Ambassadors’ Roundtable Meet in New Delhi, gathering envoys from 28 countries to prepare for India Maritime Week 2025. Union Minister Sarbananda Sonowal emphasized India’s goal of becoming a global maritime hub with a $1 trillion investment roadmap, focusing on sustainable shipping initiatives.
The central government plans to unveil a ₹70,000-crore package to boost shipbuilding, repair, and port infrastructure by mid-September. This includes ₹20,000 crore for a shipping cluster program and a similar amount for the revamped Shipbuilding Financial Assistance Programme, aiming to attract investments and enhance maritime capabilities across several states.
The Andhra Pradesh Maritime Board has signed a ₹9,000 crore MoU with APM Terminals for developing ports in Ramayapatnam, Machilipatnam, and Mulapeta. Chief Minister N. Chandrababu Naidu envisions these ports as key to making Andhra Pradesh the “eastern gateway” for trade, enhancing logistics and connectivity across multiple transportation modes.
Maharashtra plans to enhance its maritime economy by developing six major shipyard clusters along its coast, targeting investments over Rs. 6,600 crore and creating 40,000 jobs by 2030. Spearheaded by the Maharashtra Maritime Board, this initiative includes site identification for clusters like Nandgaon and Dighi, with adherence to global best practices.
Coastal communities and green innovators in the UK will receive a £30 million boost to enhance sea travel and foster economic growth through green maritime technologies. Announced by Maritime Minister Mike Kane, this funding supports sustainable maritime solutions, aiming to reduce environmental impact and stimulate job creation in the sector.
The Maritime Financing Summit 2025, held in New Delhi, brought together key stakeholders to explore innovative financial strategies for India’s maritime sector. Union Minister Sarbananda Sonowal emphasized the country’s progress, citing reduced port turnaround times and increased container capacity. The summit aimed to strengthen partnerships and enhance India’s global maritime position.
Larsen & Toubro Ltd (L&T) plans to invest ₹1,000 crore to expand its shipbuilding complex in Katupalli, Tamil Nadu. The project aims to enhance production capacity, with a target of producing 50,000 tons and constructing 25 new ships annually. Development is set to begin in October, with completion expected in three years.
South Korea’s policy bank has significantly invested in Amogy, a clean power company innovating hydrogen fuel cells using ammonia. This technology decomposes ammonia into nitrogen and hydrogen, enabling zero emissions. With a recent $23 million funding boost, Amogy aims to enhance its market presence in Asia and develop green propulsion technologies.
DP World has announced a $2.5 billion investment to enhance its global logistics network by 2025. This includes major infrastructure projects in India, Africa, South America, and Europe, addressing the increasing demand for resilient supply chain solutions. Initiatives focus on expanding port capacity and multimodal connectivity to support global trade.
