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India can be among top 10 in global maritime trade ranking: Minister

01 Jan '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Indian ports, shipping and waterways minister Sarbananda Sonowal recently said India can be among the top ten countries in world in maritime merchandise trade due to government efforts to modernise and bolster capacity building in the sector. The focus is to carry out such development in a sustainable manner to meet the 2070 net zero emission target, he said.

The minister, who did not mention any timeline for achieving the milestone, was addressing the 121st annual general meeting of the Merchants' Chamber of Commerce and Industry.

India ranks 18 now in the maritime trade volume list.

Projects like 'Sagarmala' and 'PM Gati Shakti' are delivering results and will result in a sea change after all the programmes are rolled out in the next few years, he said

''In 2014, our cargo handling capacity in ports was 800 million tonne and in 2022, it is 1,600 million tonne,'' he was quoted as saying by a news agency. In the inland waterways, the cargo handling has now grown to 109 million tonne from 16 million tonne in 2014.

A memorandum of understanding was signed among Paradip, Kandla, Tuticorin ports and Cochin shipyard to achieve sustainable goals, he said.

The government aims at developing a regulatory framework and a roadmap for alternative technology adoption for 'green shipping' to foster carbon neutrality, he added.

ALCHEMPro News Desk (DS)

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