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Prime Minister Shri Narendra Modi urged international investors to back India's shipping and ports sector, highlighting full foreign-direct-investment access and the government's "Make in India, Make for the World" framework. He pointed to the development of mega-ports, a commitment to quadruple capacity at 12 major ports, and noted that over 150 new maritime initiatives have nearly doubled major-port capacity and shortened turnaround times. He also welcomed a nearly INR 8,000 crore investment from the Port of Singapore into India's port infrastructure.
The Prime Minister of India spoke at the India Maritime Week 2025 where he encouraged investors from around the world to "take bets on the Indian shipping sector" and expand their presence. He told them that the country allows 100 per cent foreign direct investment in the ports and shipping sectors and offers incentives under the government's "Make in India, Make for the World" vision. He emphasised that India is building world-class mega-ports, citing the development of Vadhavan Port north of Mumbai among such efforts. Advertisement
He said the government is working to grow capacity at the 12 major ports by four times and to increase India's share in containerised cargo globally. He noted that more than 150 new initiatives under the Maritime India Vision have contributed to nearly doubling major port capacity, significantly reducing turnaround times and giving a boost to cruise tourism.
In addition, the Prime Minister mentioned the participation of companies and policymakers from over 85 countries at the event, and he met executives from global shipping firms including DP World, AP Moller-Maersk, Mediterranean Shipping Company, CMA-CGM and Adani Ports and SEZ. He also thanked the Port of Singapore Authority for its nearly INR 8,000 crore investment in the terminal of India's Jawaharlal Nehru Port Authority, calling it the largest FDI in India's port sector to date.
The Prime Minister emphasised the importance of the global community in helping India achieve its maritime aims, saying that ideas, innovations and investments from abroad are welcome. He said strengthening supply-chain resilience globally is a priority and India sees itself as a key partner in that effort.
Source PTI
5th Jun, 2025
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