India launches ‘Green Maritime Odyssey,’ dedicating nearly £80bn to green shipping and port growth by 2047.
India has unveiled a major maritime transformation plan, the ‘Green Maritime Odyssey,’ dedicating an estimated £80 billion in investment by 2047. This long-term strategy aims to position the nation among the top five global maritime players.
The comprehensive vision focuses heavily on modernising the maritime sector, with a core emphasis on port growth and green shipping. Key initiatives include enhancing port facilities, establishing green shipping corridors, and transitioning to clean fuels like green hydrogen and ammonia to achieve carbon neutrality at major ports.
This transformative programme is a crucial step towards strengthening global supply chains by cutting logistics costs and enhancing overall trade efficiency through smarter, greener transport networks. The strategy outlines nearly 300 initiatives to boost infrastructure, develop shipbuilding and repair facilities, and create new employment opportunities.
SOURCE – PIB
