The India Maritime Week, which is going to take place in Mumbai next month, will have over 1 lakh stakeholders from 100 countries as participants and will present investment opportunities worth nearly Rs 1 trillion, Union Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal announced on Tuesday.
Sonowal was speaking at the Water Voyage Northeast 2025 conference in Guwahati. The event was a “roadshow” building up to the India Maritime Week event, which will be held in Mumbai from October 27 to 31.
“The event will be a historic opportunity to showcase India’s maritime strength to the world,” he said, adding that the investment opportunities showcased at the event would range from shipbuilding clusters and port-led connectivity to coastal community development and eco-friendly logistics.
“India will be among the world’s top five shipbuilding nations and command a 20% share in global ship recycling… From five operational waterways in 2014, we now have 30 today. Cargo movement on inland waterways has grown from 18 million tonnes in 2013-14 to 145 million tonnes last year. These are not just statistics; they are milestones of transformation,” he said.