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The maritime industry is not only committed to charting a sustainable and environmentally conscious course for the future but also recognizes the significant investment opportunities that lie within the realm of decarbonization. As the industry aims to limit global temperature rise to 1.5 °C and bring CO2 emissions closer to net zero by mid-century, there is a growing realization that decarbonization targets can serve as catalysts for investment and innovation. There is a vast potential for collaborations from the pursuit of green ports and shipping solutions.
The government is poised to oversee this transition to green shipping through collaborative efforts between governments, industry stakeholders, & research institutions and implement accelerated development and deployment of sustainable technologies as well as practices in maritime transport.
The maritime sector, responsible for transporting approximately 90% of international cargo volume, has witnessed significant advancements in technology, innovation, and transformation. The aim has been to enhance operational efficiency, optimize costs, and facilitate ease of doing business. The COVID-19 crisis has further underscored the critical role of digitalization in the functioning and operation of maritime supply chains worldwide. In this context, it is imperative that the maritime sectors in India improve their position in terms of technological innovation, advancement, and integration.
Adoption of new age technology can revolutionize port operations, supply chain management, and maritime services, enabling streamlined processes, real-time data exchange, predictive analytics, and enhanced operational visibility. By investing in automation and digitalization, stakeholders can unlock substantial value and play a crucial role in shaping a digitally empowered maritime ecosystem. The government's commitment to promoting investments in this area further reinforces the significant opportunities available for investors exploring to contribute to the sector's growth and development.
India boasts a vast coastline of over 7500 km and 14,500 km of extensive network of inland waterways. It presents numerous investment opportunities to tap into the vast potential of coastal shipping and inland waterways. The government through the National Logistics Policy 2022 and Gat Shakti master plan aim to reduce overall logistic costs, enable multimodal shifts, and foster economic growth.
Coastal shipping and inland waterways hold enormous potential for transforming India's transportation landscape. Recognizing this untapped opportunity, the government is actively encouraging investments and implementing strategies to integrate coastal shipping and inland waterways into the country's logistics ecosystem. Through seamless connectivity and optimized logistics networks, multimodality can significantly reduce overall logistics costs, enhance operational efficiency, and drive economic growth while improving connectivity and fostering a sustainable and efficient transport system that benefits both the economy and the environment. With the government's focus on boosting multimodality, investors can capitalize on these opportunities to participate in the growth of this promising subsector.
The Government of India envisions positioning the country as a global cruise hub for both ocean and river cruises. Further, leveraging the natural environment to develop water-based transport in urban cities offers an alternative for efficient commuting, reducing congestion, and minimizing fuel consumption.
India's vast coastline and diverse cultural heritage provide an ideal backdrop for the growth of cruise tourism. Promoting cruise tourism and urban water mobility in India presents a wealth of investment opportunities within the transportation sector. To promote investment encompassing various sectors, including infrastructure development, hospitality services, entertainment facilities, and operations, the government is committed to provide favorable ecosystem to encourage private sector participation. By seizing these investment opportunities in this subsector through various collaborations, stakeholders can contribute to India's economic growth, job creation, and environmental sustainability.
India's maritime sector holds a strong position as a hub for maritime professional services. As the sector expands, there is a growing demand for professional services, including dispute resolution, expeditious settlement of insurance claims and maritime financing. Collaboration and knowledge transfer in these areas will help fostering ease of financing and expedite dispute resolutions and insurance claim settlements.
The government recognizes need for such services and is committed to maximise India’s maritime strength in these areas. These investment and collaboration in maritime professional services will not only enhance the sector's capabilities but also position India as a preferred destination for maritime services, driving economic growth and job creation.
The government’s vision underlines the immense potential in maritime research, education, and skill development to enhance the lives of those working for maritime sector. By establishing innovation ecosystems, strategic partnerships, offering avenues for knowledge exchange and promoting start-ups, India can strengthen its reputation for maritime innovation.
To nurture a skilled and competent maritime workforce, the government emphasizes investment in maritime research, education, and skill development. This will drive the implementation of emerging technologies and contribute to a thriving maritime industry. This also presents significant opportunities for investors to support development of cutting-edge maritime technologies, foster collaboration between academia and industry, and create a skilled workforce that will propel the sector's growth and put India to the forefront of maritime education, research and skill development.
|S no.||State||Major Ports||District|
|3||Maharashtra||Jawaharlal Nehru Port||Raigad|
|4||Goa||Mormugao Port||South Goa|
|5||Karnataka||New Mangalore Port||Dakshina Kannada|
|7||Tamil Nadu||V.O. Chidambarnar Port||Thoothukudi|
|8||Tamil Nadu||Chennai Port||Chennai|
|9||Tamil Nadu||Kamarajar Port||Thiruvallur|
|10||Andhra Pradesh||Vishakhapatnam Port||Vishakhapatnam|
|12||West Bengal||Syama Prasad Mookerjee Port||KDS-Kolkata HDC-Purba Medinipur|
|S no.||State||Non Major Ports ( ≥ 5 MTPA)||District|
|12||Andhra Pradesh||Kakinada Deepwater port||Kakinada|
|13||Andhra Pradesh||Krishnapatnam||Potti Sriramulu Nellore|
|S no.||State||Shipbuilding Yard||District|
|1||Gujarat||Swan Energy’s Pipavav Shipyard||Amreli|
|2||Larsen & Toubro Ltd||Surat|
|3||Shoft Shipyard Pvt Ltd||Bharuch|
|4||Modest Infrastructure Ltd||Bhavnagar|
|5||A.H. Wadia Boat Builders||Navsari|
|6||Maharashtra||Mazagaon Dock Shipbuilders Ltd||Mumbai|
|7||Goa||Goa Shipyards Ltd||South Goa|
|8||Dempo Shipbuilding and Engineering Ltd||North Goa|
|9||Mandovi Drydocks||North Goa|
|10||West Coast Shipyard Pvt Ltd||South Goa|
|11||Ferromar Shipping Pvt. Ltd||South Goa|
|12||Vijai Marine Shipyards||South Goa|
|13||Chowgule & Co. Ltd||South Goa|
|14||Waterways Shipyard Pvt Ltd||South Goa|
|15||Karnataka||Udupi Cochin Shipyard Ltd||Udupi|
|16||Kerala||Cochin Shipyard Ltd||Ernakulam|
|17||Udupi Cochin Shipyard Ltd|
|18||Bristol Boats Pvt Ltd||Alappuzha|
|19||Sea Blue Shipyard Ltd||Ernakulam|
|21||Tamil Nadu||Larsen & Toubro Ltd||Thiruvallur|
|22||Andhra Pradesh||Hindustan Shipyard Ltd||Visakhapatnam|
|24||West Bengal||Garden Reach Ship- Builders and Engineers||Kolkata|
|25||Shalimar Works Ltd||Howrah|
|26||Hooghly Dock and Port Engineers Ltd||Howrah|
|27||A. C. Roy and Co||Howrah|
|28||Patra Shipping Pvt. Ltd||Howrah|
|29||Titagarh Wagons Ltd.||Kolkata|
|S no.||State||Cruise terminals||District|