India Committed $20 Bn for Enhancing Logistics, Port Connectivity: Sonowal
Union Minister Shri Sarbananda Sonowal highlighted India’s growing maritime capabilities including favourable policy induced investment environment, proven shipbuilding strength, circular economy efforts, and innovative financing plans to accelerate sectoral growth.
The Union Minister Shri Sarbananda Sonowal said, “Under the able and visionary leadership of Hon’ble Prime Minister Shri Narendra Modi ji, India is moving decisively toward the goals of Viksit Bharat and Atmanirbhar Bharat. These goals envisage India as a modern, self-reliant, inclusive, and globally engaged economy. In this journey, the maritime sector is central—not just as a driver of growth, but as an enabler of resilience, sustainability, and strategic connectivity. India has launched wide-ranging efforts to expand port infrastructure, integrate logistics systems, and improve ease of doing business for the private sector. These reforms are already bearing fruit in the form of increased port efficiency, stronger cargo flows, and rising investor confidence.”
India’s Shipping Minister 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).
Adding further, Shri Sarbananda Sonowal said, “To support these efforts, India has committed USD 20 billion for infrastructure development focused on enhancing multimodal logistics, port connectivity, and trade facilitation. India is working to become a credible and competitive alternative. 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.”
