Recently, inaugurated by Honorable Prime Minister of India, Shri Narendra Modi, Maritime Vision 2030(MIV 2030) is a ten year blueprint for Indian Maritime sector with the aim of developing Indian ports, developing Indian inland waterways, promotion of water transport and to make India the hub of ship recycling and repair in next 10 years, it also saw a huge investment of Rs 3 Lakh crores.
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Need of Maritime Vision
Maritime Transport is one of the oldest and cheapest means of transport for transfer of goods and passengers, India has 7th largest coastline in Asia with the length of 7500Kms, The basic needs of Maritime Vision is:
- Trade: Shipping contributes 80-90% of global trade by volume, Since India has a huge market of goods with the population of 1.4 billion, India imports oil, minerals, Boilers and Precious stones etc. from different countries and exports Pharmaceuticals, electrical equipment’s and organic chemicals etc. to world, so its important to have a world class ports and a huge container facility, The MIV 2030 sanctioned Rs 25000 crore for development of Ports.
- Employment: Shipping also provides employment opportunities, India contributes more than 12% of seafarers (Officers) in global shipping, The MIV 2030 aims to increase the share from 12% to 20% by 2030. Which will be benefit for Indian youths.
- Tourism: MIV 2030 also aims to promote tourism under Sagarmala initiative by promotion of Water transport and river cruise, Development of water drones at 16 locations and Development of river cruise terminal infra and jetties.
Maritime India Summit 2021(MIS 2021)
MIS 2021 was a 3-day event which was organized virtually. It also hosted a “forums to foster interaction between stakeholders through B2B and G2B meetings; special sessions on investment opportunities in India’s maritime sector including ship building, ship repair, ship recycling, dredger/ barge manufacturing, setting up of new ports and capacity augmentation of existing ports, port-based industrial development, port-based Smart cities, development of maritime cluster, hinterland connectivity projects, multi-modal logistics hubs, development of inland waterways for cargo and passenger transportation, coastal shipping, passenger ferry services, lighthouse and cruise tourism, island development and aquatic resources, renewable energy projects in ports and other services (Financing, Legal, Design etc.). The conference will project vast investment opportunities in each of the Indian maritime states and union territories.” (As quoted by organizers)
The focus area of MIS 2021 was port development and plan to operationalize 23 waterways by 2035 under Sagarmala initiative and upgradation of infrastructure under “Atmanirbhar Bharat” (Self Reliance India). The significance of MIS 2021 was to promote India as blue economy of world and growth of Indian Maritime sector, Under MIS 2021 several MoU were signed and also huge investment of Rs 3Lakh crore was drawn.
The major decisions taken by Government of India(GoI) under MIV 2030 are on 3 Pillars
- Ports: India has 12 major ports and 212 non-major ports, which are very important for the Indian economy, The volume of cargo handled by Indian ports as of 2019 was 1281.79 million metric tons, The key initiatives for Ports are as follows:
- Developing world class ports, increasing the draft(depth of ship) at major ports to handle more cargo and promoting Public Private Partnership(PPP) model
- Building new and smart ports to improve “Ease of Doing Business” and creating Integrated Marine logistics portal
- Reducing logistics cost and enabling multimodal shift, promoting coastal shipping and driving Port led Industrialization
- Building safe, sustainable and green maritime sector with zero accident vision and using renewable energy at ports.
- Shipping: Shipping is one of the oldest and cheapest means of transport used for transfer of Goods, Passengers. Since, India’s trade by shipping in terms of volume is 90-95%, Its important to have a good and well-planned initiative, The key initiatives for shipping are:
- Becoming self-reliance in ship building, ship recycle and ship repair.
- Reform of old and outdated merchant shipping bill with institutional framework, creating 7-15 Lakh direct and indirect jobs.
- Developing Ocean, coastal and island cruise hub to promote tourism and to generate revenue, Increasing influence of Indian Maritime sector.
- Promoting world class Maritime research institutes with proper training facilities.
- Waterways: Indian has a good network of Inland waterways but due to poor planning it was not well recognized, Under MIV 2030 India aims for following:
- Promoting Cargo movement on Inland waterways by developing and operationalizing 23 Inland waterways by 2025.
- Enhancing river cruise tourism by development of water drones at 16 locations.
- Developing urban water transport system by operationalizing 60+ water ferry terminals.
- Stakeholders: As MIV 2030 withdraw Rs 3 lakh crores, there are many state government involved into this funding. Government of Gujrat, Maharashtra, Odisha, West Bengal were sanctioned Rs 80,000 crores for development of Ports in their respective states, Operationalizing Vizhinjam port and development of Trans shipment zone in Kanyakumari and Champbell bay. Many private and government agencies were funded according to their need, Major stakeholders of MIV 2030:
Other Partners include: Paradip Port trust, SagarmalaDevelopment company, IPRCL, CONCOR, IPA, DCI and DGLL
Sustainability of MIV 2030
A huge project like MIV can only sustain if it starts on Immediate process, A port is huge asset for a country’s economy, as India has 12 Major ports with handling capacity over 1200+ Million metric tons, GoI should start implementing MIV 2030 at ground and a regular check up should be done, as it also draws investment of Rs 3 Lakh Crores, There should be a regular audit of this whole process, MIV also generates employment for Indian seafarers it should be sustained and regularly followed by port trust’s.
As far as shipping is concerned, it runs on the bilateral trades among different countries, this project would only sustain if India maintains healthy relations with world, This project can also generate huge revenue for Indian Government which can be used for further development of port and shipping Infrastructure. So without any doubt, this project is sustainable and a huge asset for the country. It should be implemented as soon as possible for better benefits in Future.