India to launch 20 maritime reforms to cut logistics costs

Reform push aimed at improving regulatory oversight, enhancing ease of doing business

- Subhash Narayan

The reform push is part of the government's maritime strategy under the Sagarmala programme and the Maritime Amrit Kaal Vision 2047.

(BLOOMBERG)

The ministry of ports, shipping and waterways is preparing to roll out about 20 sectoral reforms in the first 90 days of FY27, including the creation of a maritime sector regulator, revamped shipbuilding incentives and measures to increase India's shipping tonnage, as part of a plan to strengthen the country’s maritime ecosystem and cut logistics costs.

The reform push, being finalized, is aimed at improving regulatory oversight, boosting domestic shipbuilding, increasing the share of Indian-flagged vessels in global trade and enhancing the ease of doing business across ports, shipping and inland waterways, two people aware of the matter said.

The reform push is part of the government's maritime strategy under the Sagarmala programme and the Maritime Amrit Kaal Vision 2047.