MARITIME INDIA VISION 2030

MARITIME INDIA VISION 2030

The Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India’s maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime leadership.

Its 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime nation. The status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below:

ii.       Overall, Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year 2024

iii         Ship Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year 2024

Over the past three years, there has been a 37% increase in the Capital Expenditure to Rs. 7571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54% increase in Gross Budget Support (GBS) to Rs. 1687 crore in Financial Year 2024 (from Rs. 1099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV 2030.

In the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency.

Maritime India Vision 2030 has been crucial in boosting the maritime trade of India which gets reflected through:

 

The increase in maritime trade over the past three years has significantly boosted employment opportunities across the sector. Growth in cargo handling, expansion of port infrastructure, and rising coastal and inland waterway operations have led to the creation of jobs in logistics, shipping, port operations, shipbuilding, and related industries. Additionally, initiatives promoting cruise tourism and maritime services have further expanded employment prospects, contributing to economic growth and skill development in the sector.

Ministry of Ports, Shipping and Waterways has put in place a robust mechanism for enabling proper monitoring and evaluation of the progress made with respect to the Maritime India Vision 2030 as given below:

This information was given by the The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal in a written reply in Rajya Sabha today.

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