India goes up in the international shipment category

India has reached 22^nd rank in International Shipment category as against 44^th rank in 2014.The average Container Dwell Time has reached a level of 3 days only as compared to 4 days for countries like UAE and South Africa, 7 days for USA and 10 days for Germany.

Indian Ports "Turn Around Time" has reached 0.9 days which is better than USA (1.5 days), Australia (1.7 days), Singapore (1.0 days) according to the Port Ministry’s year ender released on January 2nd

India's Maritime sector is set to transform with a comprehensive roadmap launched during the Global Maritime India Summit, involving an investment of Rs. 80,000 lakh crores.

The Road Map 2047, formulated by the Ministry of Ports, builds on the Maritime India Vision 2030 and aims to develop world-class ports and promote inland water transport, coastal shipping, and a sustainable maritime sector. It encompasses aspirations in Logistics, Infrastructure, and Shipping, supporting India's 'Blue Economy'. The vision, shaped through over 150 consultations with various stakeholders and the analysis of 50 international benchmarks, outlines more than 300 actionable initiatives for enhancing ports, shipping, and waterways by 2047

The Global Maritime India Summit 2023, organized by the Ports Ministry was the largest summit ever conducted in Mumbai.  Ministers from 10 foreign countries, official delegations, business delegates, and exhibitors from 42 countries participated.

The event witnessed the signing of 360 MoUs worth Rs8.35 lakh crore, and additional investible projects worth Rs1.68 lakh crore were announced. The summit facilitated 2,460 B2B meetings and more than 500 G2B/G2G meetings.

The Prime Minister also laid the foundation stone for eleven projects, totaling Rs14,440 crore, and eleven projects valued at Rs8,924 crore were dedicated to the Nation.