India Sets Sail for Growth with PM Modi’s ₹70,000 Crore Shipbuilding Strategy

On October 29, Prime Minister Narendra Modi unveiled a strategic vision for India’s maritime future at the Maritime Leaders Conclave in Mumbai. Addressing over 85 nations, he announced significant investments and legislative reforms, including a Rs 70,000 crore initiative for shipbuilding, emphasizing India’s growing global maritime confidence and infrastructure advancements.

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Four bills related to maritime sector to change Indian shipping industry’s advancement

India’s Maritime Industry Sees Swift Progress, Highlights PM Modi

Prime Minister Narendra Modi emphasized the rapid evolution of India’s maritime sector during the Maritime Leaders Conclave at India Maritime Week 2025 in Mumbai. He praised the efficiency of Indian ports, highlighted the modernization of shipping laws, and noted significant advancements in capacity, turnaround times, and cruise tourism, driving economic growth.

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PM Modi Announces 2026 as ASEAN-India Maritime Cooperation Year

During the ASEAN-India Summit, Prime Minister Narendra Modi highlighted the deepening ties between India and ASEAN, particularly in Humanitarian Assistance and Disaster Relief. He declared 2026 as the “ASEAN-India Year of Maritime Cooperation,” emphasizing collaboration in education, health, and culture, while affirming the importance of shared values and historical connections.

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PM Modi inaugurates Mumbai International Cruise Terminal

PM Modi Launches Mumbai International Cruise Terminal to Boost Tourism

Prime Minister Narendra Modi inaugurated the Mumbai International Cruise Terminal (MICT), enhancing India’s maritime and tourism landscape. Built at ₹556 crore, MICT is India’s largest cruise terminal, accommodating five ships and one million passengers annually. With modern design and cultural displays, it aims to position India as a global cruise hub.

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PM Modi Inaugurates Vizhinjam Port to Boost India’s Economic Growth

Prime Minister Narendra Modi inaugurated the Vizhinjam port, a ₹8,900 crore project, emphasizing its role in enhancing India’s maritime security. He highlighted the port as a catalyst for regional development, boosting trade and economic growth, while creating employment opportunities and improving logistics efficiency for larger cargo ships in global trade.

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India’s Maritime Sector: PM Modi Highlights Progress and Future Prospects

Prime Minister Narendra Modi stressed the significance of India’s maritime sector and ports in driving the country’s progress and prosperity. Despite neglect in the past, significant milestones have been achieved in the last decade. The government is committed to further strengthening the maritime ecosystem through initiatives like doubling cargo handling capacity, promoting coastal shipping, and developing inland waterways.

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India and Thailand sign agreements in the key sectors

India, Thailand Strengthen Strategic Ties Through Maritime Collaboration

In a recent meeting between Prime Minister Modi and Thailand’s Paetongtarn Shinawatra, India and Thailand solidified their bilateral relationship through strategic partnerships. Agreements were signed to enhance cooperation in digital technologies, maritime heritage, small industries, and aligning policies. The focus on crucial sectors like defense and security highlights the commitment to mutual growth and friendship.

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PM Modi Inaugurates Tuticorin International Container Terminal in Tamil Nadu

Prime Minister Narendra Modi hailed the Tuticorin International Container Terminal in Tamil Nadu as a beacon of India’s marine infrastructure, boosting capacity at V.O. Chidambaranar Port. With state-of-the-art amenities and a focus on gender diversity, the terminal is set to reduce logistics costs and contribute to India’s maritime development goals.

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India and Sri Lanka Inaugurate Maritime Rescue Coordination Centre in Colombo

External Affairs Minister S. Jaishankar and Sri Lankan President Ranil Wickremesinghe inaugurated the Maritime Rescue Coordination Centre (MRCC) in Colombo, funded by a USD 6 million grant from India. The MRCC aims to enhance maritime safety in the region, showcasing the strong bilateral relations between the two countries. This event signifies a commitment to promoting security and stability in the maritime domain.

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Sarbananda Sonowal Takes Charge of MoPSW

Sarbananda Sonowal, a prominent BJP leader, has been appointed as the Union Minister for Ports, Shipping, and Waterways in the NDA government. Sonowal, representing the Dibrugarh Lok Sabha constituency in Assam, is committed to advancing India’s maritime sector. His appointment signifies a strategic focus on enhancing the country’s presence in the global maritime industry and achieving maritime goals.

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