India's Commitment to Infrastructure Development

India has pledged USD 20 billion for infrastructure development with a focus on enhancing multimodal logistics, port connectivity, and trade facilitation. This initiative is part of a broader strategy to bolster the country's maritime capabilities and economic corridors.

Maritime Capabilities and Strategic Corridors

• Emphasis on India's growing maritime capabilities through a conducive policy environment and investment atmosphere.
• Highlighting India's shipbuilding strength and innovative financing plans to spur sector growth.
• Strengthening maritime connectivity and supply chains via strategic corridors, including: 
  1. India - Middle East - Europe Economic Corridor (IMEEC)
  2. Eastern Maritime Corridor (EMC)
  3. International North-South Transport Corridor (INSTC)

Goals for the Shipbuilding Industry

Through policy incentives, ease of doing business, and infrastructure enhancement, India aims to be among the top five shipbuilding nations by 2047.

Green and Sustainable Maritime Future

• India is establishing three Green Hydrogen Hub Ports at Kandla, Tuticorin, and Paradip.
• These hubs will support the manufacturing of green hydrogen and its derivatives.
• The initiative aims to pioneer the use of alternative fuels in the maritime domain.