Raju Vernekar
Mumbai, Nov 1: India signed MoUs worth Rs 12,00,000 crore at the India Maritime Week 2025, held at the Bombay Exhibition Centre from October 27-31, marking a 41% rise over Global Maritime India Summit (GMIS) 2023.
Key MoUs included Rs 47,000 crore (US$5.3 billion) green ammonia projects by VO Chidambaranar Port Authority Tamil Nadu) and Rs 45,000 crore (US$5.08 billion) green hydrogen projects at Paradip Port (Odisha).
Addressing the summit, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal highlighted that the success reflects global confidence in India’s maritime resurgence under Prime Minister Narendra Modi.
While addressing the summit, on October29, Modi unveiled several major initiatives under the Maritime Amrit Kaal Vision (MAKV) 2047 to expand capacity and accelerate innovation in the sector.
IMW 2025 featured over 1,00,000 delegates, 500 exhibitors, and 350 international speakers. The event also hosted 19 thematic conferences covering digital transformation, green maritime growth, shipbuilding, and trade connectivity.
A session on ‘Maritime Human Capital’ was organised, focusing on developing a future-ready workforce aligned with India’s vision of emerging as a leading global maritime nation. The discussions highlighted how talent, technology, and transformation will drive the next phase of growth for India’s maritime sector.
