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India’s Maritime Sector Sees the Dawn of a New Era

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This story belongs to the issue:
October 2025
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This story belongs to the Fortune India Magazine October 2025 issue.

With A ₹1.45-lakh crore package for the ports and shipping sector, Modi 3.0 has set the stage for a robust maritime future.

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India’s Maritime Sector Sees the Dawn of a New Era
The shipping ministry plans to invest ₹3.5 lakh crore more by 2030. 

PORTS AND SHIPPING, largely overlooked in NDA-I and NDA-II since 2014, have emerged as a key focus in Modi 3.0. On September 24, the Union Cabinet approved a package worth ₹69,725 crore to reinvigorate and revitalise the shipbuilding and maritime ecosystem. To create a robust infrastructure, the package has adopted a four-pronged approach of strengthening domestic capacity in shipbuilding, improving long-term financing, developing greenfield and brownfield shipyard, and enhancing technical capabilities, skilling, and reforms (including legal, taxation, and policy reforms).