Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal announced that India’s maritime sector is projected to attract ₹8 trillion (approximately $96 billion) in investment and generate 1.5 crore (15 million) new jobs by 2047 under the government’s Maritime Amrit Kaal Vision.
The announcement followed a review meeting in Mumbai attended by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Minister Ajit Pawar, and Minister of Ports Development Nitesh Narayan Rane.
Sonowal said the maritime investment roadmap aims to transform India’s ports, shipping, and logistics network into a “resilient, sustainable, and future-ready” system, aligned with the national development goal of Viksit Bharat 2047.
“India is charting a course toward global leadership in the maritime sector by 2047 with planned investments of ₹8 trillion and the creation of 1.5 crore jobs,” he stated.
He also highlighted that India’s maritime modernization already shows tangible progress: cargo movement on inland waterways has increased eightfold since 2014, turnaround time at major ports has declined by 60%, and ₹5.5 lakh crore (about $66 billion) worth of Sagarmala projects are under implementation.
India now supplies 12% of the world’s seafarers, and all 12 major ports are on track to achieve full carbon neutrality by 2047, with green energy transition targets set for 2035.
Ministry of Ports, Shipping and Waterways (MoPSW) is the central authority overseeing India’s port infrastructure, shipping, and inland waterways. It manages major national programs such as Sagarmala and Maritime India Vision, coordinating investments and reforms across 12 major ports.
