India aims to quadruple port capacity by 2047, eyes stronger maritime cooperation with Rotterdam: Piyush Goyal
Reported by Economic Times Industry, not nibnow. We are not the publisher of this story, only the source is.
Expanding port capacity will help India handle more trade, which can boost economic growth as the country aims to meet rising demand for imports and exports.
India intends to increase its port capacity significantly by 2047 to support economic growth and trade. Union Minister Piyush Goyal emphasized collaboration opportunities with the Port of Rotterdam for sustainable development. The Sagarmala initiative aims to enhance India's maritime infrastructure and connectivity effectively. A major maritime education institution will be established in Mumbai to train skilled seafarers. These efforts highlight India's commitment to bolstering its position in
The Sagarmala initiative is a government program to develop India's coastal infrastructure and improve connectivity, while the Port of Rotterdam is one of the world’s largest ports and a hub for maritime trade and sustainability practices.
- •Progress on the new maritime education institution in Mumbai
- •Formal agreements or joint projects announced between India and the Port of Rotterdam
- •Milestones in the Sagarmala plan related to new or upgraded port facilities