Ports, shipping, and logistics play a crucial role in shaping India’s economic growth, serving as the arteries through which trade flows seamlessly across the globe. Emphasizing this, Union Minister of Commerce & Industry, Shri Piyush Goyal, addressed industry leaders at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025 in Mumbai. His speech highlighted the immense potential of the maritime sector and urged stakeholders to contribute ideas for strengthening India’s position in global trade.
Shri Goyal underscored the importance of shipbuilding and flagged vessels in India, pointing out that while the country has favorable conditions for cabotage and imports via Indian-flagged vessels, the current number of such vessels remains insufficient. He urged industry experts to suggest ways to make flagging in India more attractive, ensuring that the country fully benefits from the available opportunities.
The minister acknowledged India’s progress in doubling its port capacity over the last decade and reducing turnaround times for ships. However, he stressed that further improvements in the logistics ecosystem are necessary to match the growing demand. With 95% of India’s trade volume passing through ports, he highlighted the country’s vast 7,500 km coastline as a major asset that, if leveraged effectively, could significantly boost trade and economic development.
Efforts to streamline logistics have already begun with initiatives like the Unified Logistics Interface Platform (ULIP), but Shri Goyal emphasized the need for additional measures to enhance efficiency. He called for innovative ideas to improve container ownership, manufacturing, export speed, and ease of congestion at ports.
Recognizing the increasing demand for skilled seafarers, the minister proposed a hybrid training model to ensure a steady supply of trained professionals for the sector. Addressing these challenges, he said, would not only strengthen India’s trade capabilities but also help realize the vision of a “Viksit Bharat” (Developed India).
Despite global economic uncertainties, Shri Goyal expressed confidence in India’s resilience and growth trajectory. He reaffirmed that a robust maritime trade and logistics sector is essential for India’s continued economic progress and its aspirations to become a key global trade leader.
