India's Wadhawan Port to Propel Country into Top 10 by 2034
Key Ideas
- Union Minister Sonowal envisions Wadhawan Port elevating India to top-10 global container ports by 2034 through public-private partnership.
- Waterways sector contributes to GDP growth, with major ports handling 820 MT of cargo annually, marking a 47% increase from 2014.
- Government focuses on developing Kandla, Paradip, and Tuticorin as green hydrogen hubs to boost sustainable energy initiatives.
- India aims for a capacity of 10,000 MT per annum by 2047, supported by advanced infrastructure and technology, fostering economic growth and job creation.
Union Shipping and Ports Minister Sarbananda Sonowal highlighted the significance of the upcoming Wadhawan Port in India, located off the coast of Dahanu in Maharashtra. The port, developed under a public-private partnership, is expected to propel India into the top 10 global container ports by 2034. Minister Sonowal emphasized the vital role of waterways in human civilization and international relations, stating that the waterways sector has significantly contributed to GDP growth. He noted the substantial increase in cargo handling capacity at major ports, reaching 820 MT annually, showcasing a robust growth trend. The government's focus on developing Kandla, Paradip, and Tuticorin as green hydrogen hubs demonstrates a commitment to sustainable energy initiatives. Additionally, advancements in the shipbuilding sector, supported by updated financial assistance policies, have boosted domestic shipbuilding, generating significant orders and employment opportunities. Looking towards the future, India aims to achieve a capacity of 10,000 MT per annum by 2047, leveraging cutting-edge technology and infrastructure. Minister Sonowal highlighted the success of a global maritime summit, resulting in numerous Memorandum of Understandings and substantial investment commitments, with plans for a similar event in October this year, underscoring India's ambition to excel in the maritime industry.
Topics
India
Green Hydrogen
Infrastructure
Investment
Government Initiatives
Maritime Industry
Economic Growth
Shipbuilding
Port Development
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