Archive · 24 Jul 2025
India Seeks Global Funds for Maritime Development
India wants to invest a lot of money in its shipping industry!
They're asking big money funds from other countries to help them.
They plan to create a ₹25,000 crore fund, with the government putting in almost half the money.
The rest will come from businesses and ports.
They are also updating a program to help build more ships in India.
India wants to become a major player in the world for shipping, not just for trading goods, but also for building ships, handling money, and using green technology in the maritime sector.
India is seeking investments for a ₹25,000 crore Maritime Development Fund.
Discussions are underway with sovereign wealth funds from Norway and the Middle East.
The government will contribute 49% to the fund, with the rest from ports and private sector.
A revamped Shipbuilding Financial Assistance Policy (SBFAP 2.0) with an outlay of ₹18,090 crore is proposed.
The goal is to make India a global maritime hub in trade, finance, shipbuilding, and green infrastructure.
- Who
- The Indian Shipping Ministry is leading the initiative, with involvement from the Finance Ministry and potential investors.
- What
- India is seeking investments for maritime development, including a ₹25,000 crore fund and shipbuilding support.
- When
- Discussions and plans are ongoing, with final details expected by September.
- Where
- India is targeting investments from various global sources and within India.
- Why
- To develop India into a global maritime hub for trade, finance, shipbuilding, and green infrastructure.
- Fund Size
- ₹25,000 crore (Maritime Development Fund)
- Government Contribution
- 49%
- SBFAP 2.0 Outlay
- ₹18,090 crore
- Investment Focus
- Maritime sector, including shipbuilding, ship repair, and recycling.
- Target Investors
- Sovereign wealth funds, private equity, pension funds, and NBFCs
- Goal
- To make India a global maritime hub.