India’s maritime vision have taken centre stage once again with the successful convening of the India Maritime Investment Meet at India House, London, on 9 July 2025. Hosted by the Ministry of Ports, Shipping and Waterways (MoPSW) under the banner of Maritime India Vision 2047, this high‑profile gathering underscored New Delhi’s drive to position India as a leading global maritime power. Over a day of rich dialogue, industry leaders, financial institutions, technology providers and policy‑makers came together to explore collaboration opportunities, unveil fresh incentives, and chart a sustainable, digitally enabled future for India’s ports and shipping sector.
A Strategic Outreach in London
Inaugurated by India’s High Commissioner to the UK, H.E. Vikram K. Doraiswami, the meet signalled the government’s intent to forge deeper blue‑economy corridors between India and the international maritime community. “India’s coastline and its strategic location make it a natural maritime hub,” remarked the High Commissioner, “but it is our policy stability, digital transformation agenda and green commitments that will light the way to 2047.”
Delivering the keynote address, Shri T.K. Ramachandran, Secretary of MoPSW, detailed the Maritime India Vision 2047, a comprehensive roadmap to elevate India’s port capacity from 2,760 million tonnes per annum (MTPA) today to 10,000 MTPA by mid‑century. He highlighted three core pillars, sustainability, digitalisation, and global connectivity as the foundation for transforming India’s maritime landscape.
Opening India’s Doors – Investment Incentives
A key element in drawing overseas investors is the government’s updated Foreign Direct Investment (FDI) policy. Under the new framework:
- 100% FDI is allowed under the automatic route for both shipping and shipbuilding sectors.
- A 10‑year tax holiday is on offer for eligible projects, supplemented by zero Goods and Services Tax on ship imports.
- All dividends remitted to non‑resident investors carry no withholding tax.
These measures, Ramachandran explained, are standardized to de‑risk long‑term capital, lower cost of finance, and accelerate the expansion of India’s port and shipyard infrastructure. On the table were proposals for new single‑window approvals, further assistance regulatory processes and slashing project timelines.
Anchoring Green Growth
A green agenda permeated every session of the meet. As part of its decarbonisation roadmap, India has earmarked three Hydrogen Hub Ports—Deendayal in Kutch, Chidambarnar in Tamil Nadu and Paradip in Odisha—to pioneer clean‑fuel bunkering and hydrogen‑powered shipping. These hubs will serve both domestic and bunkering demands for ammonia, methanol and green hydrogen, giving early‑mover advantage to investors in hydrogen energy supply chains.
Complementing this, the Green Tug Transition Programme aims to replace ageing diesel tugs with electric or hybrid vessels, reducing emissions and port‑side air pollution. At the same time, scrapping yards are increasing green ship recycling to dismantle end-of-life vessels responsibly.
Navigating the Digital Seas
Digital modernisation was another cornerstone theme. Delegates learnt about three flagship projects underway:
- Maritime Single Window – a unified digital portal to streamline all port clearances and paperwork for vessels, cargo and crew.
- One Nation – One Port (ONOP) – a common digital operating platform to integrate port operations, terminal handling and hinterland connectivity across all major ports.
- MAITRI (Maritime Trade and Regulatory Interface) – a virtual corridor linking India with IMEEC (India–Middle East–Europe Economic Corridor) partners to facilitate seamless maritime trade and real‑time tracking of consignments.
Together, these platforms are set to reduce dwell times, boost transparency, and enable data‑driven decision‑making across the maritime supply chain. Several technology providers showcased AI‑driven Port Community Systems, blockchain‑based cargo tracking, and IoT‑enabled asset management solutions, demonstrating how the “port of the future” can be smarter, faster and more efficient.
Building Ships, Building Capacity
India’s shipbuilding sector has witnessed a remarkable climb in global rankings from 23rd to 16th position in the past two years. This leap is largely attributed to the creation of dedicated Maritime Development Funds that co‑finance greenfield shipyards, and the establishment of cluster‑based shipbuilding parks offering plug‑and‑play infrastructure.
Government speakers outlined targeted schemes for naval vessel construction, repair and refurbishment contracts, inviting foreign shipowners to tie up with Indian yards for retrofitting and maintenance services. With the global fleet ageing and orders for eco‑friendly tonnage rising, India’s young, cost‑competitive shipyards stand to capture a sizable share of new builds and mid‑life upgrades.
Strategic Corridors and Cruise Tourism
Beyond ports and vessels, the meet delved into broader trade connectivity. India’s proactive role in the India–Middle East–Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor, and the International North‑South Transport Corridor (INSTC) were highlighted as avenues for multidimensional growth. By linking seaports to rail, road and inland waterways, these corridors promise shorter transit times, diversified markets, and resilient supply chains.
Adding a leisure dimension, the Cruise Bharat Mission was showcased, with plans to develop world‑class cruise terminals at major ports and curate coastal tourism circuits. The aim is to tap into the booming global cruise tourism market, hosting both international liners and domestic luxury yachts, thus spreading maritime benefits to coastal communities. “India’s maritime revolution is not a solo voyage, it is a shared mission guided by the timeless ethos of Vasudhaiva Kutumbakam, One Earth, One Family, One Future. We invite the global community to join hands with us in shaping a resilient, inclusive, and forward-looking maritime ecosystem,” The Secretary concluded.
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Towards India Maritime Week 2025
As the London meeting concluded, attention turned to India Maritime Week 2025, which is scheduled to take place from 27–31 October in Mumbai. Billed as Asia’s premier maritime congregation, the Week will feature investment summits, innovation expos, technical workshops and B2B meetings, bringing together thousands of delegates from 100+ countries.
Shri Shyam Jagannathan, Director General of Shipping, closed the London sessions by reiterating India’s commitment to a transparent, sustainable, and investor‑friendly maritime ecosystem. “Our vision is clear,” he said. “By 2047, India will not only be home to some of the world’s busiest, most efficient ports, but also a pioneer in green shipping and maritime digitalisation.”
Conclusion
The event featured discussions on port infrastructure, shipbuilding, maritime finance, and coastal logistics, with participation from major organizations like Lloyd’s Register, DNV, Arctic Asia, DP World, APM Terminals, Port of Antwerp-Bruges, Drewry Maritime Advisors, ArcelorMittal, Arrow Shipbrokers, Climate Fund Managers, and Standard Chartered Bank. Global attendees showed strong interest in India’s new ship flagging regime, tonnage tax, and blended financing models aimed at encouraging private investment. The India Maritime Investment Meet in London underscored India’s focus on its Maritime India Vision 2047, highlighting policies for FDI, green energy, digital innovation, and strategic trade. With Mumbai set to host the next meeting in October, significant growth is anticipated for India’s maritime sector.
Source : (pib.gov.in)