On October 27, 2025, in Mumbai, Union Minister Nitin Gadkari addressed the India Maritime Week 2025, highlighting "Innovative Mechanisms for Ship Financing". He stated that India's maritime sector is valued at nearly USD 1 trillion (₹84 lakh crore) and holds immense investment potential. He referenced the Ministry of Road Transport and Highways (MoRTH) mobilizing ₹1.4 lakh crore through ToT, InvITs, and PPP models, increasing private participation from 10% to 35%. He launched the CMEG (RIS) - India Maritime Report 2025-26, titled "Uniting Oceans, One Maritime Vision: India's Maritime Strides." Gadkari praised Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, for advancing Prime Minister Shri Narendra Modi's Sagarmala 2.0 vision, to boost shipbuilding, enhance port efficiency, and revive inland waterways. The press release was issued by PIB Mumbai, with contacts Jaydevi Pujari Swami, Edgar Coelho, and Priti Malandkar. Social media handles: @PIBMumbai, /PIBMumbai, /pibmumbai, pibmumbai[at]gmail[dot]com, ►/PIBMumbai
Key Entities Referenced
India Maritime Week 2025: A maritime sector event held in Mumbai focusing on investment opportunities and innovative financing mechanisms.
Mumbai: The location of the India Maritime Week 2025 event.
Ministry of Ports, Shipping and Waterways: The Indian ministry responsible for ports, shipping and waterways.
Ministry of Road Transport and Highways (MoRTH): The Indian ministry responsible for road transport and highways, cited for its success in mobilizing funds for projects.
Sagarmala 2.0: An initiative aimed at boosting shipbuilding, repair, and recycling, enhance port efficiency, strengthen the coastal economy, and revive inland waterways.
Ministry of Ports, Shipping and Waterways
Union Minister Nitin Gadkari highlights
‘Innovative Mechanisms for Ship Financing’ at
India Maritime Week 2025 in Mumbai
India’s Maritime Sector Valued at Nearly USD 1 Trillion
Holds Vast Investment Opportunities: Shri Nitin Gadkari
Posted On: 27 OCT 2025 6:37PM by PIB Mumbai
: Mumbai, 27th October, 2025
The Union Minister of Road Transport and Highways, Shri Nitin Gadkari,
addressed the India Maritime Week 2025 in Mumbai today, focusing on the
theme “Innovative Mechanisms for Ship Financing.”
Shri Gadkari highlighted that India’s maritime sector, valued at nearly USD
1 trillion (₹84 lakh crore), holds immense investment potential in ports,
shipping, and logistics. Drawing from the success of the Ministry of Road
Transport and Highways (MoRTH) in mobilizing ₹1.4 lakh crore through ToT,
InvITs, and PPP models—raising private participation from 10% to 35%—he
emphasized that similar approaches could accelerate project execution, improvequality, and ease the financial burden on the government through private
sector innovation and efficient fund flow. He launched the CMEG (RIS) –
India Maritime Report 2025-26, titled “Uniting Oceans, One Maritime Vision:
India’s Maritime Strides.”
Shri Gadkari expressed appreciation to Union Minister of Ports, Shipping and
Waterways, Shri Sarbananda Sonowal, for advancing Prime Minister Shri
Narendra Modi’s vision of Sagarmala 2.0, which aims to boost shipbuilding,
repair and recycling, enhance port efficiency, strengthen the coastal economy,
and revive inland waterways.
He underscored that with private innovation, transparent governance, and
time-bound execution, India can build enduring global confidence in its
maritime leadership and competitiveness.
PIB Mumbai | Jaydevi Pujari Swami/ Edgar Coelho/Priti Malandkar
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