What is India's role in the global Blue Economy?

India is steadily emerging as a global leader in the Blue Economy, supported by multiple initiatives focusing on ports, shipbuilding, logistics, renewable energy, and allied maritime industries.

What are India's maritime trade statistics?

Over 90 per cent of India's trade by volume moves through sea routes, and the country aims to be among the top 10 global shipbuilding nations.

What are the key goals of the Maritime Amrit Kaal Vision 2047?

The Maritime Amrit Kaal Vision 2047 targets a top five global position in shipbuilding while maintaining global leadership in ship recycling, including developing carbon-neutral ports and promoting green fuels.

Home / Business and Economy / India Charts Course for Blue Economy Dominance

India Charts Course for Blue Economy Dominance

30 Jan

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Summary

India aims to be a top global player in the Blue Economy.
Over 90% of India's trade volume moves through sea routes.
Government targets top five shipbuilding position by 2047.

India Charts Course for Blue Economy Dominance

India is emerging as a formidable global leader in the Blue Economy, bolstered by a comprehensive strategy encompassing ports, shipbuilding, logistics, renewable energy, and associated maritime industries. This focus is central to India's economic transformation and sustainable growth aspirations under the Viksit Bharat 2047 vision.

The nation's maritime sector is crucial for trade, with over 90% of its commerce by volume utilizing sea routes. India is actively enhancing its global shipping capabilities and services.

Government objectives include positioning India among the top 10 shipbuilding nations, increasing capacity significantly, and integrating over 60% renewable energy usage at major ports.