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Govt identifies 300 initiatives for expansion targets under Maritime Vision

Tax sops for coastal shipping, incentives for PPP, PLI for green shipping on cards

maritime, ocean, sea, cargo
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Illustration: Binay Sinha

Dhruvaksh Saha New Delhi

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The Ministry of Ports, Shipping, and Waterways unveiled its Maritime Vision 2047 on Tuesday, outlining nearly 300 initiatives aimed at making India a global maritime leader.
 
The vision requires an estimated investment of Rs 75-80 trillion over the next 25 years to achieve a range of ambitious goals. These include carbon neutrality at all major ports, development of 25 cruise terminals, and featuring among the world’s top five shipbuilding nations.
 
The majority of these initiatives address long-standing issues, which have hindered the growth of India’s shipping infrastructure. There is also a significant focus on aligning India's maritime activities with global

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