London: In a strategic effort to position India as a global maritime leader, the Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, successfully hosted the India Maritime Investment Meet at India House, London. The event brought together top international maritime investors, industry leaders, and stakeholders to explore collaborative opportunities aligned with Maritime India Vision 2047.
Strengthening Global Maritime Cooperation
The investment meet was inaugurated by H.E. Vikram K. Doraiswami, High Commissioner of India to the United Kingdom, who reaffirmed the historical and strategic maritime ties between India and the UK. He emphasized India’s commitment to developing resilient blue economy corridors and integrating sustainability, clean energy, and inclusive growth into maritime partnerships.
Delivering the keynote address, Shri T.K. Ramachandran, Secretary, MoPSW, articulated India’s ambitious maritime roadmap, grounded in digital transformation, infrastructure modernization, and global alliances. He stated, “Under Prime Minister Narendra Modi ji’s visionary leadership, India is scripting a new era of maritime resurgence anchored in sustainability and partnerships.”
Maritime Vision 2047: A Blueprint for Transformation
India’s Maritime Vision 2047 targets a dramatic expansion of cargo capacity from the current 2,760 MTPA to over 10,000 MTPA by 2047, with strategic focus on:
-
Green Hydrogen Hub Ports at Deendayal, Chidambaranar, and Paradip.
-
The Green Tug Transition Programme for low-emission port operations.
-
Enhancing cruise tourism through the Cruise Bharat Mission, with world-class terminals and cultural circuits.
India’s advancement in shipbuilding was also highlighted—its global rank has improved from 23rd to 16th, bolstered by shipbuilding clusters and fiscal incentives like:
-
10-year tax holiday
-
Zero GST on ship imports
-
No withholding tax on maritime transactions
Enabling a Pro-Business Ecosystem
With 100% FDI permitted under the automatic route in key maritime sectors, India offers:
-
Fiscal benefits at IFSC (GIFT City)
-
Liberalized ship flagging regime
-
Blended financing options under the Maritime Development Fund
The Secretary also emphasized India’s role in shaping global supply chains through corridors like:
-
India–Middle East–Europe Economic Corridor (IMEEC)
-
Eastern Maritime Corridor
-
International North-South Transport Corridor (INSTC)
Presentations and Global Dialogue
The event featured a forward-looking presentation by Shri R. Lakshmanan, Joint Secretary (Ports), outlining India’s maritime policy framework and inviting global participation in India Maritime Week 2025, to be held from 27–31 October 2025 in Mumbai.
Throughout the day, discussions were held on:
-
Port infrastructure and PPP models
-
Shipbuilding and recycling
-
Maritime financing and tonnage tax
-
Coastal logistics and digital innovations
Participants included industry leaders from Lloyd’s Register, DNV, DP World, APM Terminals, ArcelorMittal, and Standard Chartered Bank, who praised India’s progressive regulatory environment and strong macroeconomic fundamentals.
Shared Vision for a Sustainable Maritime Investment Future
Shri Shyam Jagannathan, Director General of Shipping, concluded the event by appreciating the global maritime community’s engagement and reaffirmed India’s commitment to a transparent, sustainable, and investment-ready maritime ecosystem.
The event culminated with a networking reception, fostering valuable connections between Indian and international stakeholders, and opening pathways for joint ventures, capacity expansion, and maritime innovation.
Conclusion:
The India Maritime Investment Meet in London underscored India’s emergence as a maritime powerhouse, committed to global collaboration, sustainable practices, and investor-friendly reforms. As the country charts its journey toward Maritime Vision 2047, the meet marked a defining moment in building cross-border synergies and unlocking the full potential of India’s blue economy.
Source: PIB
For more real-time updates, visit Channel 6 Network.
