Sailing towards success
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. 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 Government launched the ambitious Sagarmala Programme in March 2017, with the vision of port-led development and growth of logistics-intensive industries. Under Sagarmala Programme, $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
The projects identified under Sagarmala Programme are expected to have the following impact:
- Mobilization of over $58 bn of infrastructure investment
- Double the share of inland and coastal waterways in the modal mix from 6%
- Reduce time for export by 5 days
- Boost merchandise exports by $110 bn
- Create 4 mn new direct jobs and 6 mn indirect jobs
100% FDI allowed under both government and automatic route.
For further details, please refer FDI Policy