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India Targets 10,000 MTPA Port Capacity by 2047: Sonowal

Tuesday 22nd Aug 2023    4
India Targets 10,000 MTPA Port Capacity by 2047: Sonowal
 

The Indian government, led by Prime Minister Narendra Modi, foresees a significant increase in the country's port capacity to 10,000 million tonnes per year (MTPA) by the year 2047. Union Minister Sarbananda Sonowal shared this ambitious goal and highlighted the government's commitment to strengthening India's maritime infrastructure and trade capabilities.

The plan aligns with India's overarching vision to become a global trade and logistics hub. As a major player in international trade, expanding port capacity is crucial to accommodate growing commercial activities, enable efficient cargo handling and improve maritime connectivity.

By aiming for a port capacity of 10,000 MTPA, India aims to capitalise on its strategic location on the coast and tap into the potential of the blue economy. This initiative is also in line with global trends in maritime transport and trade, ensuring India's competitiveness on the world stage.

The expansion of port infrastructure will stimulate economic growth, create jobs and attract foreign investment. It supports the 'Sagarmala' initiative, a comprehensive programme aimed at modernising India's ports and exploiting coastal resources.

This visionary plan reflects the government's determination to transform India into a maritime powerhouse. Reaching the target of 10,000 MTPA port capacity by 2047 would be an important milestone, boosting India's status as a global trade leader and promoting sustainable economic development.

 
 
 
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