India has emerged as a premier global supplier of seafarers, boasting over 300,000 trained professionals, as highlighted by Union Minister Sarbananda Sonowal. Significant reforms and investments have transformed the maritime sector, creating vast opportunities in ports, shipbuilding, and green technologies, thus reinforcing India’s leadership in the maritime economy.
The Indian shipbuilding industry is undergoing a transformation, driven by the government’s initiatives under Prime Minister Modi. The Union Budget 2025 introduces reforms to enhance shipyard competitiveness, including a revamped financial assistance policy and a Rs 25,000 crore Maritime Development Fund to modernize capabilities and attract investments.
The UK government has proposed reforms to boost the port sector’s growth, introduced by Maritime Minister Mike Kane. A draft National Policy Statement for Ports aims to streamline planning and expedite approvals. Clearer guidelines on noise and emissions are expected to facilitate quicker processes, supporting economic growth and investment.
