India's Marine Sector Transformation Under Modi Government

The Economic Survey 2024-25 highlights the Modi government's transformative impact on India's marine sector. Notable achievements include a 76% increase in capital expenditure and significant capacity enhancement in ports. Furthermore, container turnaround time has improved drastically across major ports, reflecting significant operational efficiency gains.

The Narendra Modi government's reforms have sparked significant changes in India's marine sector, as reflected in the Economic Survey 2024-25, according to Ports, Shipping and Waterways Minister Sarbananda Sonowal.

Finance Minister Nirmala Sitharaman presented the Economic Survey in the Lok Sabha, highlighting an impressive 76% rise in capital expenditure by the Infra Ministries up to November 2024, as part of the FY25 budget estimates.

Sonowal noted substantial progress in port capacity, which jumped from 3 MTPA to 21 MTPA between April and November this fiscal year, while average container turnaround times improved markedly from 48.1 hours to 30.4 hours.