Thursday, February 19, 2026
18.1 C
New Delhi

‘Come Aboard!’: PM Modi Invites Global Investors As He Showcases India’s Maritime Transformation

Prime Minister Narendra Modi on Thursday outlined the government’s sweeping reforms and achievements in India’s maritime sector over the past decade. Reflecting on his address at the Maritime Leaders Conclave during India Maritime Week 2025 in Mumbai the previous day, the Prime Minister highlighted how the country has evolved into a global maritime powerhouse rooted in heritage and driven by innovation.

“Yesterday, I was in Mumbai to attend the Maritime Leaders Conclave as part of the ongoing India Maritime Week 2025. Mumbai, as we all know, has a strong link with India’s maritime sector,” Modi wrote in a detailed post on LinkedIn, noting the city’s historical association with Chhatrapati Shivaji Maharaj and its role as a major trading hub.

He underscored that when his government assumed office a decade ago, the maritime sector was “filled with outdated laws and limited capacities.” However, he said the sector has since undergone a dramatic transformation, emerging as a “symbol of modern infrastructure, global trust and national pride.”

The Prime Minister also reflected on India’s “proud maritime heritage,” recalling the naval and trading legacy of the Cholas and Marathas, whose strategic vision turned the oceans into “bridges of opportunity.”

PM Modi Stresses Doubling Capacity, Boosting Efficiency

Sharing performance figures, the Prime Minister said India’s port capacity has expanded from 1,400 to 2,762 million metric tonnes per annum (MMTPA), while cargo handling grew from 972 to 1,594 million metric tonnes (MMT), including 855 MMT in FY 2024–25.

Vessel turnaround time, he noted, had nearly halved — from 93 hours to 48 hours — and net surplus had increased ninefold, from ₹1,026 crore to ₹9,352 crore. The operating ratio also improved significantly from 73% to 43%, marking a leap in operational efficiency.

He further emphasised the crucial role of India’s growing seafarer base, noting that the country’s maritime workforce has risen from 1.25 lakh to over 3 lakh, now representing 12% of the global seafaring community. “India is today among the top three suppliers of trained seafarers in the world,” he added.

PM Modi On Green Ports, Stronger Waterways

Outlining the country’s growing focus on sustainable and modern port infrastructure, Modi cited the example of Vizhinjam Port — India’s first deep-water transhipment hub — and Kandla Port, which now hosts the nation’s first green hydrogen facility. He also highlighted the expansion of Jawaharlal Nehru Port Trust (JNPT), which has doubled its capacity and attracted the largest foreign direct investment in port history.

Among upcoming mega projects, he mentioned the Vadhvan Port in Palghar, Maharashtra, involving an investment of around ₹76,000 crore. The port, with a 20-metre deep draft, is set to be one of the few such facilities globally. Modi said the project’s connectivity through railways, highways, and its proximity to the Delhi–Mumbai Expressway and Western Freight Corridor will “transform the region’s economic landscape.”

Under the government’s reform push, Modi said five landmark bills — including the Bills of Lading Bill and the Indian Ports Bill (2025) — have modernised maritime governance and aligned India with global standards.

To further drive growth, he said a ₹70,000 crore umbrella package for the maritime sector has been approved, alongside initiatives such as the Shipbuilding Assistance Scheme and Maritime Development Fund. These, he noted, are expected to attract over ₹4.5 lakh crore in investments and facilitate the production of more than 2,500 vessels, placing India among the world leaders in shipbuilding.

‘Come Aboard!’ – Modi’s Call to Global Investors

Inviting international stakeholders to participate in India’s maritime expansion, Modi declared, “I can say with confidence that India offers the perfect harbour for investments.”

“We have a very long coastline. We have strategic global trade routes. We have world-class ports. And, we have an ambitious vision for Blue Economy growth,” he wrote, adding that India’s ecosystem — powered by innovation and youthful energy — is ready to anchor new global partnerships.

“Come aboard!” he concluded.

The Prime Minister delivered these remarks at the Maritime Leaders Conclave held in Mumbai on Wednesday, part of India Maritime Week 2025.

Go to Source

Hot this week

What sparked the “Larry Wheels Files”? Inside the Greg Doucette and Jon Bravo controversy

Larry Wheels (Image Via Getty) The fitness world was shaken on February 17, 2026, when Canadian YouTuber Greg Doucette released a video titled “Larry Wheels Just Ended His Career. Read More

Who is Charles Bronson? Britain’s most notorious prisoner, will he finally be released after 50 years?

Charles Bronson has spent more than 50 years in prison (Universal History Archive/Universal Images Group via Getty Images) After more than half a century behind bars, Charles Bronson, born Michael Gordon Peterson and now legally kno Read More

Altman: India not just building, but shaping future of global AI

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. Read More

Lake Tahoe avalanche: How six survivors used iPhone SOS to alert rescuers after deadly Castle Peak slide

15 backcountry skiers enjoying a guided trip near Lake Tahoe were caught in a powerful avalanche, leaving eight dead, six survivors rescued after hours in freezing conditions, and one person still missing, authorities said. Read More

Certainty of enforcement, not just awareness, crucial to road safety push: Road transport secretary

V Umashankar (File photo) NEW DELHI: Mere awareness drives or campaigns will not be enough to reduce violations of road traffic rules and road crashes; rather, the “certainty of enforcement” will have a greater deterrent impact, Unio Read More

Topics

What sparked the “Larry Wheels Files”? Inside the Greg Doucette and Jon Bravo controversy

Larry Wheels (Image Via Getty) The fitness world was shaken on February 17, 2026, when Canadian YouTuber Greg Doucette released a video titled “Larry Wheels Just Ended His Career. Read More

Who is Charles Bronson? Britain’s most notorious prisoner, will he finally be released after 50 years?

Charles Bronson has spent more than 50 years in prison (Universal History Archive/Universal Images Group via Getty Images) After more than half a century behind bars, Charles Bronson, born Michael Gordon Peterson and now legally kno Read More

Altman: India not just building, but shaping future of global AI

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. Read More

Lake Tahoe avalanche: How six survivors used iPhone SOS to alert rescuers after deadly Castle Peak slide

15 backcountry skiers enjoying a guided trip near Lake Tahoe were caught in a powerful avalanche, leaving eight dead, six survivors rescued after hours in freezing conditions, and one person still missing, authorities said. Read More

Certainty of enforcement, not just awareness, crucial to road safety push: Road transport secretary

V Umashankar (File photo) NEW DELHI: Mere awareness drives or campaigns will not be enough to reduce violations of road traffic rules and road crashes; rather, the “certainty of enforcement” will have a greater deterrent impact, Unio Read More

Dhurandhar wraps up historic run as one of India’s biggest hits

Seventy-five days after its December 5, 2025 release, Dhurandhar continues to dominate the conversation — and the box office. Read More

Indian Navy likely to commission third indigenous N-powered submarine ‘by this summer’

INS Aridhaman NEW DELHI: India’s sea-based nuclear deterrent will be strengthened soon as the country’s third indigenous Arihant-class nuclear-powered ballistic missile submarine (SSBN), INS Aridhaman (designated S4), is likely to b Read More

Rafale to make India stronger, willing to increase its indigenous content; ready to sell more submarines: Macron

Delhi: Prime Minister Narendra Modi holds meeting with French President Emmanuel Macron NEW DELHI: French President Emmanuel Macron on Thursday said that Rafale fighter jets will boost India’s military strength and that he is comm Read More

Related Articles