Article

India’s Ambitious Vision: Revolutionizing the Maritime Sector by 2047 with Rs 80 Lakh Crore Investment

November 19, 2024 6 min read
author Anamika Mishra, Sub Editor
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India has launched a comprehensive vision to invest a whopping Rs 80 Lakh Crore to transform its maritime sector as the world's top player by 2047. The effort, which is aligned with the nation's vision for its centenary of independence, will strengthen India's maritime infrastructure, logistics, and trade, along with its sustainability aspect, while firmly establishing it as a global leader in the world's maritime industry. India, which boasts an extensive coastline of over 7,500 kilometres, is well positioned to take on this world leadership position as the largest exporter of services. It aims to transform the sector through port modernization and development, enhancement of shipping capabilities, improvement of coastal connectivity, and embracing cutting-edge technologies for sustainable development, unlocking the full potential of this sector. Main Pillars of India's Maritime Vision 2047 Port Modernization & Development Some of the cornerstones of this vision include the modernization of port infrastructure in India. Indian ports exist, which, among the busiest in the world, have their issues to contend with, like congestion, outdated technology, and inefficiency. The initiative by the government

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