Union Minister Sarbananda Sonowal announced India's ambitious plan to expand its port capacity to 10,000 million tonnes per annum by 2047 at the FICCI Maritime Conference and Expo in Mumbai. The current handling of 820 MMT annually has already seen a 47% increase since 2014. The country is focusing on developing mega-ports like Vadhavan Port in Maharashtra and the International Container Transshipment Port at Galathea Bay to strengthen its position as a global shipping hub. The sector aims for $1 trillion in investments by 2047 and is set to establish green hydrogen production hubs at major ports, with companies already leasing land for such facilities. Efficiency gains have been notable, with reduced container dwell time and improved vessel turnaround time, leading to Indian ports being recognized globally. Furthermore, the maritime sector's alignment with the Hong Kong Convention on ship recycling is expected to benefit Indian shipyards and enhance the market share in global ship recycling.