India now ranks third in building general dry cargo vessels for European short sea trade, driven by the Maritime Amrit Kaal Vision 2047 and transformative reforms under Maritime India Vision 2030.

India will build its first indigenous Polar Research Vessel (PRV) through a GRSE-Norway partnership, advancing ocean research and maritime collaboration under the government’s expanded MAHASAGAR vision.

India plans to invest US$ 10 billion to acquire 112 locally built crude oil tankers by 2040, aiming to boost energy security and domestic shipbuilding.

Indian ports are poised to benefit from the global China+1 strategy as companies diversify supply chains, with increased activity expected amid geopolitical tensions and US tariff dynamics.

India’s Major Ports achieved a 4.3% growth in cargo handling in FY25, reaching 855 million tonnes, driven by key sectors like containers, fertilizers, and Petroleum, Oil, and Lubricants (POL) cargo, with significant milestones from Paradip and Deendayal Ports.