Particle.news

Download on the App Store

India Pledges $20 Billion to Boost Maritime Infrastructure

Officials say the funding will underpin India’s drive to join the world’s top five shipbuilding nations by its centenary year

Image
Image

Overview

  • At the Nor-Shipping conference in Oslo, India unveiled a USD 20 billion plan targeting multimodal logistics, port connectivity and trade facilitation
  • The strategy hinges on policy incentives and ease-of-business reforms to lay the groundwork for India’s shipbuilding ascendancy by 2047
  • The government will establish three Green Hydrogen Hub Ports at Kandla, Tuticorin and Paradip to support green hydrogen production and its maritime applications
  • Key trade routes through the IndiaMiddle EastEurope Economic Corridor, Eastern Maritime Corridor and International North–South Transport Corridor are set for upgraded connectivity
  • Sonowal pressed for expanded partnerships in seafarer recruitment to meet workforce demands alongside the planned infrastructure expansion