India's $20 Billion Investment in Maritime Sector and Green Hydrogen Hubs
Key Ideas
  • India commits $20 billion towards infrastructure development to enhance logistics, port connectivity, and trade facilitation.
  • Establishment of three Green Hydrogen Hub Ports in Kandla, Tuticorin, and Paradip to support green hydrogen manufacturing and exports.
  • Development of strategic corridors and digital ecosystems to strengthen maritime connectivity and improve operational efficiency.
  • Introduction of Maritime Development Fund to attract private investment and drive long-term financing for shipbuilding and repair industries.
India has committed $20 billion towards infrastructure development to boost its maritime sector and enhance port connectivity. The investment aims to position India as a global maritime leader by 2047, aligning with the country's goals of economic self-reliance and sustainability. One key aspect of this initiative is the creation of Green Hydrogen Hub Ports in Kandla, Tuticorin, and Paradip to focus on green hydrogen manufacturing and export, promoting sustainable practices. Additionally, India is working on strategic corridors like the India-Middle East-Europe Economic Corridor and the Eastern Maritime Corridor to strengthen maritime connectivity. The country is also investing in digital platforms like ONOP, National Logistics Portal, and MAITRI to streamline port services and trade processes. By establishing a Maritime Development Fund, India aims to encourage private investment in the maritime sector and provide financing for shipbuilding. These efforts underline India's commitment to a competitive, sustainable maritime industry, contributing to both economic growth and environmental goals.
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