According to the Ministry of Shipping, around 95% of India's trading by volume and 70% by value is done through maritime transport. The government has also introduced various fiscal and non-fiscal incentives for enterprises that develop, maintain and operate ports, inland waterways and ship building in India.
India has 12 major and 205 notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India is the 16th largest maritime country in the world, with a coastline of about 7,517 km. The Indian government has also facilitated a 10-year tax holiday to enterprises that develop, maintain and operate ports, inland waterways and inland ports.
100% FDI In Ports And Shipping is allowed under both government and automatic route.
Cargo ytraffic at major ports(2017-18)
Cargo traffic growth
Indian fleet strength(no. of vessels)
Annual cargo traffic doubled to 1 billion tonnes per annum over the decade starting 2005
Seaborne trade in India has grown at twice the global growth rate of 3.3%
16th largest maritime country in the world
November 2019: JSW Infrastructure commissioned a new iron ore terminal at the Paradip port in Odisha with a capacity to handle up to 18 million tonnes of cargo per annum.
May 2019: Logistics service provider Schenker India, subsidiary of German DB Schenker is going to double its warehousing capacity from present 3.5 mn sq ft across 53 warehouses and deploy technical solutions for improving efficiency and enhance processing speed.
FDI India Media Coverages
PM Modi's Keynote Address at US-India Strategic Partnership Forum
Policy Watch - 100?I by NRIs in Air India
PM Modi: 'India Fulfilling Its Demands Through Make In India - FDI India
PM Modi unveils Atmanirbhar Bharat Abhiyaan for India