Investment of 82 billion dollars in port projects. Expect to invest 82 billion dollars by 2035 in the port sector.400 projects will be brought in it. a waterway will be developed. Sea airlines will also start. Lighthouses will be developed as a tourist destination in seaside areas. The PM inaugurated the summit organized on the maritime shipping sector.

Modi has invited investors to invest in India’s ports, port factories, and waterways. More than 574 projects have been identified under the Sagarmala Project. Direct port delivery at Indian ports is now facilitated with an advanced port community system for easy port entry and easy division of data. He said that India is very serious to make progress in the maritime sector and become the world’s leading economy. Large ports with world-class infrastructure are being developed at Dindayal port.

India has a coastline spanning 7516.6 kilometers, forming one of the biggest peninsulas in the world.

According to the Ministry of Ports, Shipping, and Waterways, around 95 percent of India’s trading by volume and 70 percent by value is done through maritime transport.

It is serviced by 13 major ports (12 Government-owned and one private) and 187 notified minor and intermediate ports. Port Blair which was notified as a major port in 2010 was removed of its status recently.

A total of 200 major and non-major ports are present in the following States: Maharashtra (53); Gujarat (40); Tamil Nadu (15); Karnataka (10) and others (82).

The Government of India plans to modernize these ports and has approved a project called Sagarmala.

The ports and shipping industry in India plays a vital role in sustaining growth in the country’s trade and commerce.

The Indian Government has allowed Foreign Direct Investment (FDI) of up to 100 percent under the automatic route for port and harbor construction and maintenance projects.

PSUs it works with :

  • Shipping Corporation of India
  • Cochin Shipyard Limited
  • Central Inland Water Transport Corporation Limited
  • Dredging Corporation of India Limited
  • Hooghly Dock & Ports Engineers Limited
  • Ennore Port Limited
  • Sethusamudram Corporation Limited

Articles printed under LargecapIndia are of a general trend. We do not certify/verify the authenticity of any article, stock tips, etc. we will not be responsible for any financial transactions or loss. Get advice from your advisor before any financial transactions.