Neha BaruahIndia’s coastline stretches over 7,500 kilometers, home to 12 major ports and more than 200 smaller ones. This vast network places India along critical global shipping routes, underscoring its pivotal role in international trade. In 2023, India contributed 16% to global economic growth and is on track to become the world’s third-largest economy by 2026.
The Maritime Sector: A Pillar of India’s Economy
India’s maritime sector is the backbone of its trade, handling 95% of goods by volume and 70% by value. As the 16th-largest maritime nation, India’s ports and strategic location are vital for facilitating global shipping and supporting its rapidly expanding economy.
Sagarmanthan: The Great Oceans Dialogue
The inaugural edition of Sagarmanthan – The Great Oceans Dialogue was held on November 18-19, 2024, in New Delhi. This premier maritime forum, the largest in South Asia, was organized by the Ministry of Ports, Shipping, and Waterways in collaboration with the Observer Research Foundation. The event brought together global leaders, policymakers, and industry experts to deliberate on the future of maritime development.
Key Focus Areas
The dialogue spotlighted critical issues such as the blue economy, global supply chains, and maritime logistics. A central theme was fostering sustainable growth in the maritime sector, with discussions aimed at developing a resilient and forward-looking maritime framework.
Advancing the Blue Economy
Deliberations centered on four core themes addressing the challenges and opportunities in ocean governance. Emphasis was placed on sustainable practices and fostering collaboration among stakeholders to ensure progress in this vital sector.
Strategic Role of Indian Waters
Indian waters hold immense strategic importance, with most cargo ships traveling between East Asia and regions like America, Europe, and Africa passing through them. This highlights India’s growing influence in global maritime affairs. The dialogue underscored the need for innovative strategies and sustainable practices to solidify India’s position as a maritime powerhouse.
Neha Baruah
