
Industry Updates
Budget 2026: Why India Must Look Seaward Now
As global trade fragments amid tariff wars, sanctions, and geopolitical tensions, India faces the dual challenge of managing headwinds while seizing new opportunities.
Shipping and ports emerge as a strategic “power-lifter” sector, critical to reducing logistics costs, strengthening supply-chain resilience, and boosting export competitiveness. Nearly 95% of India’s trade by volume moves by sea, making maritime efficiency central to economic power.
Port capacity has expanded beyond 2,600 MTPA, turnaround times have improved, and projects like Vizhinjam deep-water port aim to reclaim transhipment cargo.
Connectivity upgrades, port-linked corridors, and renewed focus on shipbuilding—backed by a ₹69,725 crore package—signal intent to scale maritime manufacturing.
Budget 2026–27 can accelerate momentum through low-cost financing, port-centric industrial clusters, Sagarmala 2.0, customs reforms, and support for fleet expansion and green shipping.
Source: Economictimes






