Strengthening India’s Blue Economy: Major Maritime Initiatives

Context

• India has a 7,516 km coastline, with 95% of trade volume via maritime routes.
• The Maritime Amrit Kaal Vision 2047 aims to make India a global maritime hub.
• The Union Minister of Ports, Shipping, and Waterways Shri Sarbananda Sonowal launched key initiatives to enhance port efficiency, global trade, and sustainability.

Key Initiatives

One Nation-One Port Process (ONOP)

• Standardizes port operations across India.
• Reduces container documents by 33% and bulk cargo documents by 29%.
• Cuts inefficiencies, delays, and costs.

Sagar Ankalan – Logistics Port Performance Index (LPPI)

• Assesses cargo handling, turnaround time, and efficiency.
• Encourages transparency and global competitiveness.

Bharat Global Ports Consortium

• Integrates IPGL, SDCL, and IPRCL to boost trade connectivity and ‘Make in India’.

MAITRI: Digital Transformation

• Uses AI and blockchain to streamline trade and reduce delays.
• Supports the India-UAE Virtual Trade Corridor and IMEEC expansion.

National Centre of Excellence in Green Port and Shipping (NCoEGPS)

• Focuses on carbon reduction, cleaner fuels, and eco-friendly ports.

India Maritime Week 2025

• Scheduled for October 27-31, 2025, in Mumbai.
• Hosts 4th GMIS and 2nd Sagarmanthan, with 100+ countries and 100,000+ delegates.

Revitalizing Shipbuilding

• ₹25,000 crore Maritime Development Fund for shipyards.
• 10-year customs duty exemption for shipbuilding inputs.
• Ship Breaking Credit Note Scheme to boost recycling.

Vision for India’s Blue Economy

• Contributes 4% to GDP, supporting trade, sustainability, and jobs.
• Aims to make India a top 10 shipbuilding nation by 2030.
• Strengthens port-led development and global maritime influence.