Union Minister Sarbananda Sonowal has said that India has committed $20 billion for infrastructure development, with a focus on enhancing multimodal logistics, port connectivity and trade facilitation. Sonowal highlighted India's growing maritime capabilities, including favourable policy induced investment environment, proven shipbuilding strength, and innovative financing plans to accelerate sectoral growth.
He also highlighted strengthening of maritime connectivity and supply chains with strategic corridors like India - Middle East - Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North - South Transport Corridor (INSTC).
He added ‘Through policy incentives, ease of doing business, and infrastructure enhancement, we are laying the foundation for India to emerge as one of the top five shipbuilding nations by 2047.’ Emphasising the need for a green and sustainable maritime future, he said India is establishing three Green Hydrogen Hub Ports -- Kandla, Tuticorin, and Paradip -- to support the manufacturing of green hydrogen and its derivatives and to pioneer the use of alternative fuels in the maritime domain.
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