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India’s strategic location on the world’s shipping routes with a vast coastline of approximately 7,517 km plays in their hands. As of 2021, India owns over 30% of the global share of the ship breaking industry. At present, India ranks as the 16th largest maritime nation globally, with its maritime sector accounting for 95% of the country's trade volume and 70% by monetary value.
India also launched a Maritime Vision 2030 under which they have identified over 150 initiatives to accelerate and develop India’s diverse maritime sector even more. The Indian government also launched the Sagar Mala program in 2017 which aimed at developing Indian ports and growing logistics-intensive industries. To achieve this the GOI plans to invest $123 billion across 415 maritime projects.
Know in details about top shipping stocks in India
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Green Hydrogen is a clean energy source and a viable alternate of energy for fossils. Here are the top green hydrogen stocks in India for 2025.
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In the last ten years, India’s road network has grown by 59% which is the second-largest in the world. India’s highway network which was at 97,830 kms...
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