On October 27, 2025, in Mumbai, Union Minister Nitin Gadkari addressed the India Maritime Week 2025, emphasizing "Innovative Mechanisms for Ship Financing". He stated that India's maritime sector, valued at nearly USD 1 trillion (₹84 lakh crore), holds substantial investment potential in ports, shipping, and logistics. Gadkari highlighted the success of the Ministry of Road Transport and Highways (MoRTH) in mobilizing ₹1.4 lakh crore through ToT, InvITs, and PPP models and suggested similar approaches to accelerate project execution. He launched the CMEG (RIS) - India Maritime Report 2025-26, titled "Uniting Oceans, One Maritime Vision: India's Maritime Strides." Gadkari expressed appreciation to Union Minister Sarbananda Sonowal for advancing Prime Minister Modi's vision of Sagarmala 2.0, aiming to boost shipbuilding, enhance port efficiency, and strengthen the coastal economy. PIB Mumbai can be contacted via email at pibmumbai[at]gmail[dot]com and followed on social media at @PIBMumbai on Twitter, /PIBMumbai on Facebook, and /pibmumbai on YouTube.
Key Entities Referenced
Ministry of Road Transport and Highways (MoRTH): Central government ministry responsible for the development and maintenance of road transport infrastructure in India and also the ministry leading the event.
India Maritime Week 2025: Event focusing on the 'Innovative Mechanisms for Ship Financing' with the goal of promoting India's maritime sector, valued at nearly USD 1 Trillion.
Mumbai: The city where the India Maritime Week 2025 is being held.
Sagarmala 2.0: A vision to boost shipbuilding, repair and recycling, enhance port efficiency, strengthen the coastal economy, and revive inland waterways.
CMEG (RIS) – India Maritime Report 2025-26: Maritime report launched at the event.
Ministry of Road Transport & Highways
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 6:34PM 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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