Bharat Global Ports Consortium to bolster India’s maritime stance

Overview

To increase India’s marine presence, Union Minister Sarbananda Sonowal formed a consortium between India Ports Global, Sagar Mala Development Company, and India Port Rail and Ropeway Corporation. In order to standardize operations, improve efficiency, and support international trade, he also introduced programs including the MAITRI App, the Logistics Port Performance Index, and the One Nation-One Port Process.

Initiatives to bolster India’s maritime stance

In order to increase their maritime presence and fortify supply networks, among other things, Union Minister Sarbananda Sonowal has established a consortium that includes India Ports Global, Sagar Mala Development Company, and India Port Rail and Ropeway Corporation. At a post-Budget industry stakeholders meeting held, Sarbananda Sonowal, the Minister for Ports, Shipping, and Waterways, also unveiled a number of other initiatives, such as the Logistics Port Performance Index (LPPI) Sagar Ankalan for FY 2023-24, the One Nation-One Port Process (ONOP) to standardize and streamline operations across India’s major ports, and MAITRI (Master Application for International Trade and Regulatory Interface) App.

Additionally, the website for the National Centre of Excellence in Green Port and Shipping (NCoEGPS) was established by the Union Minister. The Minister underlined that India’s Blue Economy encompasses employment, trade, sustainability, and economic growth in addition to ships and ports. The government is dedicated to offering the proper regulations, funding, and setting for success because of its enormous potential. In addition to ranking among the top 10 shipbuilding nations by 2030, the objective is to establish an environment that is top-notch, effective, and prepared for the future.

Bharat Global Ports Consortium

The Bharat Global Ports Consortium program will improve supply chains, expedite logistics, and enhance exports in support of the ‘Make in India’ campaign by building strong port infrastructure. According to the Minister, the consortium will drive port expansion, operations, and financing to position India as a major player in international trade and logistics by bringing together the three distinct entities: IPGL, which is involved in port operations; SDCL, which is involved in finance; and IPRCL, which is involved in infrastructure development.

The consortium seeks to strengthen India’s economic footprint and increase trade connections by emphasizing efficiency, innovation, and international cooperation. The Ministry claims that this project demonstrates India’s dedication to both economic resilience and marine excellence on the international scene.

One Nation One Port Process and the MAITRI App

India is taking a significant step towards standardized, efficient, and globally competitive ports with the introduction of the ‘One Nation – One Port’ Process and Sagar Ankalan – LPPI Index, the Minister said, adding that his ministry’s most recent initiatives are in line with the vision of a Viksit Bharat, promoting self-reliance, sustainability, and economic growth.

The Ministry thrives for decreasing inefficiencies, lowering carbon footprints, and fortifying India’s place in international trade by improving port performance and optimizing logistics.  Furthermore, the Ministry’s dedication to smart, green, and modern port infrastructure will guarantee a sustainable marine future for future generations while also bolstering economic resiliency.

The ministry stated that it has standardized documentation with immigration, the port health organization, and port authorities as a first stage in the ONOP process. This has reduced bulk cargo documents by 29% (from 150 to 106) and container operation documents by 33% (from 143 to 96). Transparency, uniformity, and improved port administration are ensured by these measures, which represent a major step towards Maritime Amrit Kaal Vision 2047.

Strengthening India’s Global Trade Position through Port Efficiency and Digital Innovation

India’s position as a major player in international logistics will be strengthened by these initiatives, which will continue the efforts made since 2014 to improve efficiency, streamline trade processes, and support global supply chains. This aligns with the goal of building a smooth, effective, and future-ready commerce network by utilizing digital innovation and international collaborations, which will hasten India’s transition into a major economic force in the world.

According to the government, this program intends to harmonize port operations in order to improve efficiency, lower costs, and increase India’s position in international trade, as ports are vital entry points for both internal and international trade.

Conclusion

In order to improve India’s standing in international trade, the Bharat Global Ports Consortium was established. The partnership, which consists of India Ports Global, Sagar Mala Development Company, and India Port Rail and Ropeway Corporation, intends to strengthen supply chains, increase exports, and improve port operations. By supporting the ‘Make in India’ initiative, advancing port growth, and enhancing infrastructure, this partnership will establish India as a significant force in global trade and logistics.

The image added is for representation purposes only