By 2047, India targets a port handling capacity of 10,000 million metric tons per annum, leveraging strategic trade routes through initiatives like the India-Middle East-Europe Economic Corridor (IMEEC) and the International North-South Transport Corridor
Sagarmanthan – The Great Oceans Dialogue, the South Asia’s largest Maritime Thought Leadership summit, began here today. The inaugural session was addressed by the Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal; the Minister of Maritime Affairs and Insular Policy, Greece, Christos Stylianides; the Minister of State for Fisheries and Ocean Resources, Maldives, Dr Amzath Ahmed; the National Representative for the Province of Rio Negro, Argentina, Ms Maria Lorena Villaverde; the Secretary of MoPSW, TK Ramachandran along with the President, Observer Research Foundation (ORF), Samir Saran in the presence of representatives from 61 countries along with hundreds of delegates from maritime sector.
The Ministry of Ports Shipping and Waterways (MoPSW) of the Government of India, in collaboration with the Observer Research Foundation, is organising the two-day event, Sagar Manthan: The Great Oceans Dialogue. The initiative brings together global policymakers, maritime experts, industry leaders, and scholars to deliberate on advancing sustainable and innovative maritime practices.
Speaking at the inaugural session, the Union Minister, Sarbananda Sonowal said, “India’s Maritime Vision 2047 is a roadmap to transform the maritime sector by fostering sustainability, enhancing connectivity, and leveraging technology. Under the visionary leadership of Prime Minister Narendra Modi ji, our ministry through initiatives like Sagarmala and the Maritime Amrit Kaal Vision is aiming at making India a leader in global maritime trade, achieving our goal of Viksit Bharat by 2047. Our vision aims to revolutionise India’s maritime sector with an investment of ₹80 lakh crores to enhance port capacity, shipping, ship building inland waterways. Key projects include the Vizhinjam International Seaport in Kerala, new mega ports at Vadhavan in Maharashtra, and Galathea Bay in Nicobar. Reviving its shipbuilding legacy, India is constructing the National Maritime Heritage Complex at Lothal while advancing clean-fuel shipbuilding to meet future sustainability goals.”
The dialogue underscores India’s strategic role in global trade, with a 7,500 kilometers coastline and strategic islands that bolster its maritime potential. The event also highlights the nation’s commitment to the decarbonisation of the maritime sector through green initiatives such as the Harit Sagar Guidelines and the National Green Hydrogen Mission.
Setting the context for the mega deliberations and discussion, Sarbananda Sonowal further added, “Recognising India’s maritime potential and its significance for economic growth, our government has implemented crucial policy measures for the ‘Blue and Ocean-based Economy’ over the last decade. Our participation in initiatives like the India-Middle East-Europe Economic Corridor (IMEEC) and the International North-South Transport Corridor underscores our commitment to strengthening global trade partnerships. We are also preparing to build future ships that run on clean fuels like ammonia, hydrogen, and electric, capable of traversing brown, green, and blue waters. Our Amrit Kaal Maritime Vision 2047 has placed great emphasis on climate action and environmental sustainability.”
The Minister of Maritime Affairs and Insular Policy, Greece, Christos Stylianides, said, “For us policy makers, it is crucial to ensure a stable regulatory framework and a global level playing field for the industry. It is now time to set the foundations for forward-looking and realistic policies which will the current maritime challenges into opportunities. International transport systems with shipping at its core as an integral part, should serve the three pillars of sustainability: the environmental, the social and the economic one. This will be done by optimising efficiency in connectivity, minimising pollution and ensuring resilience across the entire maritime chain. What we need now is collaboration and the ‘Sagarmanthan: The Great Oceans Dialogue’ is a great example in this direction. It is in our hands, in a spirit of partnership, to make this happen.”
The Minister of State, MoPSW, Shantanu Thakur highlighted the socio-economic potential of coastal communities and the need for global partnerships. The Minister stated, “India’s economic growth is guided by the principle of Vasudhaiva Kutumbakam—‘The World is One Family.’ Our ports and shipping corridors are not just about commerce but about connectivity, collaboration, and care for coastal communities and the environment. The oceans must be a global priority, not just for economic development but for ecological preservation and energy innovation.”
Speaking about this maiden initiative – Sagarmanthan, the Member, Prime Minister’s Economic Advisory Council (PM-EAC), Sanjeev Sanyal said, “This should serve as a guiding principle for all of us to strengthen and grow our maritime cluster. Our goal is to position ourselves at the forefront of the maritime sector, and to achieve this, we must draw on the expertise of industry leaders who set benchmarks across various verticals. The seas and oceans, gifts of nature, are abundant with resources, energy, and potential. It is our responsibility to harness them wisely, combining knowledge and skill to achieve sustainable growth. Our commitment must ensure that both the economy and ecology thrive in harmony, fostering progress without compromise. We have the technology, the young workers, the trade volume, the steel and the coastline – all the ingredients. So we should aspire in 10 years to build 10-12 per cent of the world’s ships and own/flag 8 per cent.”
On the sidelines of Sagarmanthan, the Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal participated in a bilateral meeting with the Minister of Maritime Affairs and Insular Policy go Greece, Christos Stylianides here today. The two leaders discussed an array of topics and agreed to deepen the maritime relationship between the two countries. Both the leaders agreed to expand trade from the existing US$ 1.94 billion to doubling it by focussing on broadening, increasing, and balancing by 2030.
The two day forum’s agenda includes sessions on maritime connectivity, sustainable development, technological innovation, and global maritime governance. The Ministry also showcased India’s advancements in port digitisation, renewable energy integration, and decarbonised shipping, reflecting the nation’s vision of becoming a global maritime hub. The Dialogue featured participants from 60 countries across the globe with more than 1700 participants including ministers, former heads of state and government, journalists, and experts.
