Ports & Shipping

India is strategically located on the world’s shipping routes with a coastline of approximately 7,517 km. Maritime transport handles around 70% of India’s trading in value terms. As of 2021, India owns over 30% global market share in the ship breaking industry and is home to the largest ship-breaking facility in the world at Alang. To promote India's shipping and port industry, the government has also introduced various fiscal and non-fiscal incentives for enterprises that develop, maintain and operate ports, inland waterways and shipbuilding in India.

The Maritime India Vision 2030 has identified over 150 initiatives to boost the Indian maritime sector. The Vision 2030 was launched by Hon’ble Prime Minister of India in March 2021. It is drafted after significant consultation with over 350 public and private stakeholders comprising of ports, shipyards, inland waterways, trade bodies and associations, and legal experts. The vision serves as a blueprint to achieve an accelerated and coordinated development of India’s diverse maritime sector, comprehensively identifying over 150 initiatives covering all facets of the country’s maritime sector.

In 2017, the government launched the ambitious Sagar Mala Program with the vision of port-led development and growth of logistics-intensive industries. Under the program, $123 Bn would be invested across 415 projects across the following identified components:

•  Port Modernization and New Port Development
•  Port Connectivity Enhancement
•  Port-Linked Industrialization
•  Coastal Community Development

Both Sagar Mala and Maritime India Vision focus on unlocking additional potential such as annual revenue of $ 2.7 Bn from extant assets and generating employment, targeting 2 million direct and indirect jobs by 2030.

100% FDI allowed under both government and automatic route.

For further details, please refer FDI Policy