India Maritime Week 2025 concludes with record Rs 12 lakh crore investments, 600 MoUs signed

India Maritime Week (IMW) 2025 concluded with record investments of Rs 12 lakh crore and more than 600 Memoranda of Understanding (MoUs) signed, marking a 41 per cent increase over the Global Maritime India Summit (GMIS) 2023, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Thursday.

The week-long event, held in Mumbai showcased India’s growing maritime potential under the Maritime Amrit Kaal Vision (MAKV) 2047, which aims to modernise the country’s port infrastructure, enhance sustainability, and accelerate innovation across the shipping sector.

Record participation and investments

According to the Ministry, IMW 2025 witnessed participation from more than one lakh delegates, 500 exhibitors, and 350 international speakers.

The event was attended by representatives from over 85 countries, including 11 foreign ministers and eight Union ministers, reflecting international confidence in India’s maritime growth story.

#IndianMaritimeWeek2025 concludes on a high note — celebrating innovation, collaboration, and India’s rise as a global maritime leader. Here’s to charting a course toward a stronger, bluer, and more prosperous future! #IMW_2025 pic.twitter.com/S90LujzM7P

— India Maritime Week 2025 (@imw_gov) October 30, 2025

Sonowal said the scale of participation and investment commitments “reflects global trust in India’s maritime resurgence under the visionary leadership of Prime Minister Narendra Modi.”

READ: India’s maritime sector advancing rapidly, says PM Modi

During the event, Prime Minister Modi unveiled a series of major initiatives under the MAKV 2047 framework. These include:

• Shipping Corporation of India’s Rs 1 lakh crore fleet expansion plan,
• Oil and Gas Public Sector Undertakings’ Rs 47,800 crore shipbuilding orders, and
• Green Tug Programme worth Rs 12,000 crore to deploy 100 eco-friendly tugs by 2040.

Major MoUs and green initiatives

Key agreements signed during IMW 2025 include Rs 47,000 crore worth of green ammonia projects by the VO Chidambaranar Port Authority and Rs 45,000 crore in green hydrogen projects at Paradip Port.

The investments are expected to strengthen India’s position as a hub for clean maritime energy and sustainable logistics.

READ: Adani Ports expresses intent in Rs 53,000 crore Vadhavan Port works

The Global Maritime CEO Forum and Maritime Leaders Conclave brought together international executives, port authorities, and policymakers who reaffirmed their support for India’s maritime transformation agenda.

Driving digital and sustainable growth

The week featured 19 thematic conferences covering topics such as digital transformation, green maritime growth, shipbuilding, port modernisation, and trade connectivity.

Officials said the event served as a platform to discuss strategies for achieving “Viksit Bharat 2047” by strengthening India’s maritime economy, promoting smart ports, and enabling sustainable shipping practices.

Sonowal added that the record investment inflow and wide-ranging international participation demonstrate that “India’s ports and shipping sector are emerging as a key driver of the nation’s economic growth.”

(With inputs from agencies)