India’s maritime sector remains a vital pillar of economic development, facilitating trade and global connectivity. Union Minister of Commerce & Industry Shri Piyush Goyal, speaking at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025 in Mumbai, highlighted the need to enhance shipbuilding, flagged vessel operations, and logistics efficiency.

The Minister noted that India has immense potential in shipbuilding and urged stakeholders to propose strategies for increasing Indian-flagged vessels. While India allows cabotage within WTO regulations, the country lacks a sufficient fleet to fully utilise these benefits. He encouraged industry leaders to collaborate with the government to make vessel flagging more attractive.

Over the past decade, India has doubled its port capacity and reduced ship turnaround times. However, with 95% of trade volume passing through ports and a 7,500 km coastline, further improvements in logistics efficiency are required. “We have introduced the Unified Logistics Interface Platform (ULIP) to strengthen the logistics ecosystem, but more ideas are needed to integrate port-linked logistics,” Goyal stated.

The Minister stressed the importance of bridging the skills gap in the maritime workforce through a hybrid training model. Additionally, he emphasised the need to expand container ownership and manufacturing, accelerate exports, and address congestion at major ports. “We must create a seamless logistics network that supports trade and economic growth,” he added.

India’s ports, shipping, and logistics sector is poised for rapid expansion, driven by policy support, technological advancements, and global trade shifts. As a key player in the maritime industry, India has an opportunity to establish itself as a major shipping and logistics hub. Continued investment in infrastructure, digital solutions, and workforce development will be essential in achieving the vision of a ‘Viksit Bharat’ and strengthening India’s position in global trade.