India’s Ports now turn around ships in less than 1 day : Sarbananda Sonowal

NEW DELHI : Shri Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways said in the Maritime Financing Summit 2025 that, “India, as a maritime nation, is undergoing a transformative shift backed by strong policy support and growing investment momentum. Under the dynamic leadership of Hon’ble Prime Minister Shri Narendra Modi ji, we are pursuing the vision of a developed India by 2047 Viksit Bharat with the maritime sector playing a pivotal role. “

“Our ports have significantly improved operational efficiency, with the average turnaround time reduced from 4 days to less than 1 day, outperforming many advanced nations. Container capacity at major ports has grown by over 70%, and cargo volumes through coastal and inland waterways have multiplied. With 100% FDI permitted in shipping under the automatic route, simplified customs clearance and the strategic advantage of GIFT City IFSC, India now offers one of the most attractive investment ecosystems in the maritime domain. Our goal is clear to make India a global maritime hub not just in trade, but also in finance, shipbuilding and green maritime infrastructure,” he added.

The Summit highlighted –bringing together senior policymakers, industry leaders, global investors and domain experts to deliberate on transformative financial strategies for India’s maritime future. The summit aligns with the Maritime Amrit Kaal Vision (MAKV) 2047, which seeks to position India among the world’s leading maritime powers by strengthening shipbuilding, port infrastructure and financial resilience.