The Prime Minister announced that a new port is being constructed in Vadhavan, Maharashtra, for Rs 76,000 crore. He said India is working to quadruple the capacity of its major ports and increase its share in containerized cargo. The country permits 100 per cent FDI in ports and shipping, and public–private partnerships are rapidly expanding. Under the “Make in India, Make for the World” vision, incentives are being provided, and states are being encouraged to attract investments. “Investors from various countries should seize this moment to engage and expand in India’s shipping sector, as this is the right time,” he said.

“When the global seas are rough, the world looks for a steady lighthouse. India is well poised to play that role with strength and stability. Amid global tensions, trade disruptions, and shifting supply chains, India stands as a symbol of strategic autonomy, peace, and inclusive growth. India’s maritime and trade initiatives are integral to this broader vision. The India–Middle East–Europe Economic Corridor will redefine trade routes and promote clean energy and smart logistics,” Modi said.

He said the Vizhinjam Port, India’s first deep-water international transshipment hub, is now operational, and the world’s largest container vessel recently arrived there, marking a proud moment for the country. In 2024–25, India’s major ports have handled their highest-ever cargo volumes, setting a new record.