Indian Economy News

India Maritime Week, 2025 Secures Investment of ₹12 Lakh Crores, Set to Bolster Maritime Sector of ‘Atmanirbhar Bharat'

Union Minister for Ports, Shipping and Waterways, Mr. Sarbananda Sonowal, announced that India Maritime Week (IMW) 2025 concluded with record investments worth Rs. 12,00,000 crore (US$ 135.36 billion) and over 600 Memoranda of Understanding (MoUs) signed, marking a 41% rise over Global Maritime India Summit (GMIS) 2023. He highlighted that the success reflects global confidence in India’s maritime resurgence under the visionary leadership of Prime Minister Mr. Narendra Modi. During the event, Mr. Narendra Modi unveiled several major initiatives under the Maritime Amrit Kaal Vision (MAKV) 2047 to expand capacity, promote sustainability, and accelerate innovation in the sector. These include the Shipping Corporation of India’s Rs. 1,00,000 crore (US$ 11.28 billion) fleet expansion, Oil and Gas Public Sector Undertakings’ Rs. 47,800 crore (US$ 5.39 billion) shipbuilding orders, and the Green Tug Programme worth Rs. 12,000 crore (US$ 1.35 billion) for deploying 100 eco-friendly tugs by 2040.
The Global Maritime CEO Forum and Maritime Leaders Conclave, attended by international leaders from over 85 countries, reaffirmed support for India’s maritime transformation. Key MoUs included Rs. 47,000 crore (US$ 5.3 billion) green ammonia projects by V.O. Chidambaranar Port Authority and Rs. 45,000 crore (US$ 5.08 billion) green hydrogen projects at Paradip Port. IMW 2025 featured over 1,00,000 delegates, 500 exhibitors, and 350 international speakers. The event also hosted 19 thematic conferences covering digital transformation, green maritime growth, shipbuilding, and trade connectivity. With participation from 11 foreign ministers and eight Union ministers, IMW 2025 showcased India’s leadership in sustainable shipping, smart ports, and the global blue economy, advancing the nation’s vision of “Viksit Bharat 2047.”

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