India’s Maritime Vision for 2030

The Maritime India Vision is a 10-year blueprint with the aim of overhauling the Indian maritime sector. The Maritime India Vision 2030 was launched by Prime Minister Narendra Modi at the Maritime India Summit in November 2020. This vision will supersede the Sagarmala initiative and aims to boost waterways, give a fillip to the shipbuilding industry and encourage cruise tourism in India. Following experts adapted from the 300 pages long Maritime India Vision 2030

 Maritime India Vision (MIV) 2030 – taking India to Global Maritime Leadership India comprises a significant size maritime sector with 12 Major and 200+ Non-Major Ports situated along its 7500 km long coastline and a vast network of navigable waterways. The country’s maritime sector plays a crucial role in its overall trade and growth, with 95% of the country’s trade volume and 65% of the trade value being undertaken through maritime transport.

 With the objective of propelling India to the forefront of the Global Maritime Sector, Ministry of Ports, Shipping and Waterways has formulated Maritime India Vision 2030 (MIV 2030), a blueprint to ensure coordinated and accelerated growth of India’s maritime sector in the next decade. MIV 2030 has been formulated in consultation with over 350+ public and private sector stakeholders, comprising ports, shipyards, inland waterways, trade bodies and associations, national and international industry and legal experts.

250+ brainstorming sessions, study of 100+ global benchmarks & best-in-class examples, and analysis of 50+ Acts and Laws (including state & environmental) have led to development of MIV 2030. MIV 2030 identifies over 150 initiatives across 10 themes covering all the facets of the Indian maritime sector and is a comprehensive effort to define and meet national maritime objectives.

Ports:  Two Indian Ports, JNPT and Mundra have the distinction of featuring in the list of top 40 global container ports. India augmented its capacity by over 65% across all Major Ports in the last 5 years. Of the total cargo handled at Indian Ports, over 54% is handled at the country’s 12 Major Ports.

Inland Water Transport: India has increased the modal share of cargo from 0.5% to 2% and has witnessed 19% year-on-year growth in cargo volumes over the last 5 years. India has over 5,000 km of navigable inland waterways under development.

Shipping: Globally, India ranks 2nd in ship recycling and 21st in ship building. India is ranked amongst the top 5 countries supplying trained manpower, with 17% growth in seafarers in the last 3 years.

Six Key Guiding Principles The following key guiding principles were incorporated to define the MIV 2030:

1.    Analyze current and future challenges to define initiatives 2. Drive innovation by utilizing latest technology

3.    Create time-bound action plan

4.    Benchmark to understand current standing and adopt best-in-class practices

5.    Address capability building and human resources

6.    Explore ideas to achieve “Waste to Wealth”

Ten key themes which are essential for India to secure its place at the forefront of the Global Maritime Sector:

1.    Develop best-in-class Port infra structure

2.    Drive E2E Logistics Efficiency and Cost Competitiveness

3.    Enhance Logistics Efficiency through Technology and Innovation

4.    Strengthen Policy and Institutional Framework to Support all Stakeholders

5.    Enhance Global Share in Ship Building, Repair and Recycling

6.    Enhance Cargo and Passenger Movement through Inland Waterways

7.    Promote Ocean, Coastal and River Cruise Sector

8.    Enhance India’s Global stature and Maritime Co-operation

 9.   Lead the World in Safe, Sustainable & Green Maritime Sector

10. Become Top Seafaring Nation with World Class Education, Research & Training

MIV 2030 envisions an overall investment of Indian Rupee 3,00,000 – 3,50,000 Cr across ports, shipping, and inland waterways categories. This vision roadmap is estimated to help unlock Indian Rupee 20,000+ Cr worth of potential annual revenue for Indian Ports. Further, it is expected to create an additional ~20,00,000+ jobs (direct and non-direct) in the Indian maritime sector.

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