: Mumbai, 27^th October, 2025

 

The Union Minister of Road Transport and Highways, Shri Nitin Gadkari, addressed the India Maritime Week 2025 in Mumbai today, focusing on the theme “Innovative Mechanisms for Ship Financing.”

Shri Gadkari highlighted that India’s maritime sector, valued at nearly USD 1 trillion (₹84 lakh crore), holds immense investment potential in ports, shipping, and logistics. Drawing from the success of the Ministry of Road Transport and Highways (MoRTH) in mobilizing ₹1.4 lakh crore through ToT, InvITs, and PPP models—raising private participation from 10% to 35%—he emphasized that similar approaches could accelerate project execution, improve quality, and ease the financial burden on the government through private sector innovation and efficient fund flow. He launched the CMEG (RIS) – India Maritime Report 2025-26, titled “Uniting Oceans, One Maritime Vision: India’s Maritime Strides.”

Shri Gadkari expressed appreciation to Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, for advancing Prime Minister Shri Narendra Modi’s vision of Sagarmala 2.0, which aims to boost shipbuilding, repair and recycling, enhance port efficiency, strengthen the coastal economy, and revive inland waterways.

He underscored that with private innovation, transparent governance, and time-bound execution, India can build enduring global confidence in its maritime leadership and competitiveness.

 

PIB Mumbai | Jaydevi Pujari Swami/ Edgar Coelho/Priti Malandkar

 

 

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