In a recent update from the Parliament, Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways, unveiled key advancements in India’s maritime infrastructure, particularly in Andhra Pradesh. The significant investments and projects underscore the government’s commitment to boosting port facilities and maritime capabilities across the country.
The Machilipatnam Port project in Andhra Pradesh, which commenced on April 21, 2023, is set to complete by October 2025. Although it falls outside the Central Government’s Sagarmala Scheme, the port is progressing with robust financial backing. The Power Finance Corporation (PFC) has sanctioned a substantial term loan of Rs 3,940.42 crores to the Machilipatnam Port Development Corporation Ltd (MPDCL), which operates under the Andhra Pradesh Maritime Board (APMB).
In addition to the Machilipatnam Port, the Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI) have embarked on 36 significant projects in Andhra Pradesh, amounting to Rs 4,600 crore. Among these, 22 projects worth around Rs 2,530 crore have been completed, while 14 projects, valued at Rs 2,070 crore, are underway. A notable achievement is the establishment of a cutting-edge International Cruise cum Coastal Terminal at Visakhapatnam Port, designed to cater to both international and domestic travellers.
India’s port capacity has experienced remarkable growth, reaching over 2,500 MTPA in the fiscal year 2022-23. This marks an impressive 86 per cent increase compared to 2014-15, with Major Ports’ cargo handling capacity having doubled during this period. These advancements reflect the government’s ongoing efforts to improve port infrastructure and operational efficiency.
Furthermore, the Sagarmala initiative has led to the creation of two Centres of Excellence in Maritime and Shipbuilding (CEMs) in Mumbai and Visakhapatnam. The Visakhapatnam campus, the first of its kind in Asia, is integrated into the Indian Maritime University and features 18 laboratories. It has already trained over 10,000 students, equipping them with valuable engineering and technical skills for the maritime industry.
These developments highlight India’s strategic focus on enhancing its maritime sector, with substantial investments and infrastructure improvements driving the country’s port and shipping capabilities forward.