India presents a vast canvas of opportunities for global investment in its maritime sector. To strengthen and modernize this crucial domain, India seeks investments across various key areas. Firstly, port infrastructure development stands out as a prime avenue. India’s major ports require significant expansion and modernization to handle larger vessels and increasing cargo volumes. Foreign investment in port infrastructure can enhance efficiency, reduce turnaround times, and ultimately contribute to smoother international trade operations. Secondly, the development of inland waterways is another area ripe for global investment. Additionally, investments in shipbuilding technology, such as eco-friendly vessels and digital solutions, would be welcome as India strives to become a global hub for green shipbuilding and maritime innovation.
An investment commitment of up to ₹10 trillion is expected to span across ports development and modernization, shipping, inland waterways, technology and innovation, green shipping, tourism, education, skilling, etc. Previous editions of the summit have witnessed over 600 memorandums of understanding worth ₹4.5 trillion collectively across both editions (2016 and 2021) and have translated into several successfully executed projects. The upcoming 2023 edition is poised to far surpass the previous editions.
