Greening India's Maritime Industry: Challenges and Opportunities Ahead
Key Ideas
- Shipping, while efficient, still contributes to global emissions. India is focusing on green hydrogen hubs at ports to support a greener industry.
- To compete with China, India needs port-led industrial hubs and a strong maritime ecosystem with capabilities in marine services and shipbuilding.
- India can leverage its manpower for maritime employment by creating awareness, developing specialized training programs, and focusing on vocational training initiatives.
- The shift towards greener energy in the entire supply chain, along with technological advancements, plays a crucial role in making the maritime industry more sustainable.
JM Baxi, a key player in India's maritime sector, is at the forefront of the country's ambitions to revolutionize its ports and allied infrastructure. Dhruv Kotak, the managing director, sheds light on the industry's future in an exclusive interview. While shipping is considered environmentally friendly, there is a growing emphasis on making it greener. The use of green fuels like hydrogen-based options and India's initiatives to build green hydrogen hubs at ports are steps towards a more sustainable industry.
To challenge China's dominance in shipping, India must focus on creating port-led industrial hubs and strengthening its maritime ecosystem. By attracting industries shifting from China and developing capabilities in various sectors like marine services and shipbuilding, India can establish itself as a competitive alternative.
India's potential in providing manpower to the shipping industry remains largely untapped. To leverage this opportunity, efforts should be made to raise awareness among young individuals about the diverse career opportunities in the maritime sector. Specialized training programs and vocational initiatives are crucial to equip individuals with the necessary skills for the industry's demands.
Overall, the maritime industry in India is undergoing a transformation towards sustainability and competitiveness. By embracing green practices, fostering innovation, and investing in human capital, India can position itself as a significant player in the global maritime landscape.