India reaches out to 100 nations for Rs. 10,00,000 crore (US$ 114.12 billion) shipping investment

India has initiated discussions with over 100 countries to attract Rs. 10,00,000 crore (US$ 114.12 billion) investment in its shipping, ports, and shipbuilding sectors through the upcoming India Maritime Week in October 2025. The Ministry of External Affairs and the Ministry of Ports, Shipping, and Waterways are jointly leading the effort, with Prime Minister Mr. Narendra Modi scheduled to meet 25 global chief executive officers and 10 regional business leaders during the event. Union Minister of Ports, Shipping, and Waterways (MoPSW), Mr. Sarbananda Sonowal highlighted that the roadmap could unlock up to Rs. 87,63,000 crore (US$ 1 trillion) in maritime opportunities, including joint ventures in port development, shipbuilding, green hydrogen hubs, and sustainable shipping solutions.
The deliberations also focused on strategic projects such as the India Middle East Europe Economic Corridor (IMEEC) and the Chabahar Port, seen as a gateway to Central Asia. Ambassadors at the roundtable stressed the scope of the blue economy, advocating sustainable practices to enhance livelihoods and ocean resource management. The government reaffirmed its commitment through the Maritime Amrit Kaal Vision 2047, targeting Rs. 80,00,000 crore (US$ 912.93 billion) investment over the next 22 years, including Rs. 54,00,000 crore (US$ 616.23 billion) in shipbuilding to position India among the top five global manufacturers.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.