Maritime India Vision 2030

Tags: Government Schemes National News

To boost the waterways network, the Ministry of Ports, Shipping and Waterways has planned several initiatives to develop ports in India at par with global standards.

An overview of the news

• This project has been made under the Maritime India Vision (MIV) 2030.

• The ministry has planned an investment of Rs 1,00,000 to Rs 1,25,000 crore for capacity enhancement and development of world-class infrastructure at ports.

• Under the Maritime India Vision (MIV) 2030 the government aims to make world-class mega ports, transshipment hubs.

• The container throughput of Indian ports was 17 million TEUs (Twenty Equipment Unit) in the period 2020, while that of China was 245 million TEUs in the same period.

• The combined container throughput of the top 20 major global ports stood at 357 million TEUs during the 2020 period.

Maritime India Vision 2030

• It is the master plan to ensure coordinated and accelerated development of India's maritime sector over the next decade.

• It identifies over 150 initiatives across 10 themes covering all aspects of the Indian Maritime Sector.

• It is a comprehensive effort to define and meet the National Maritime Objectives.

• It envisages an overall investment of Rs 3,00,000 - 3,50,000 crore in the ports, shipping and inland waterways categories.