Maritime industry to attract Rs 80 lakh cr.investment: Sonowal

The government expects an investment of Rs 80 lakh crore in the domestic maritime industry, including ports, shipbuilding and ship repair, among others, in the next 25 years as the country aspires to become one of the top five shipbuilding nations by 2047, said Union Minister, Mr Sarbananda Sonowal, at an event organised in collaboration with the Indian Ports Association (IPA) ahead of the fourth edition of India Maritime Week (IMW) 2025. The investment will encompass all segments, be it ports, institutions, research, design, shipbuilding, ship repair, ship recycling, and all other ecosystems. Every aspect of the maritime industry will be strengthened, he emphasised, as per a report.

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