Tender: Sagarmala 2.0 for Rs.12lcr investments

S2I2 to transform and foster innovation-entrepreneurship

With a budgetary support of Rs.40,000 crore, the Sagarmala 2.0 and the Sagarmala Startup Innovation Initiative (S2I2) will unlock Rs.12 lakh crore in investments, strengthen shipbuilding, repair and recycling, as well as position India as a hub for maritime innovation and sustainability, the Ministry of Ports, Shipping and Waterways said on 27 Mar.

Anchored in Viksit Bharat and Atmanirbhar Bharat 2047, the Government is steering towards a future-ready, globally competitive maritime ecosystem that fuels economic growth, job creation, and leadership in the Blue Economy.

The Sagarmala Programme is transforming India’s maritime sector by driving port-led economic growth, infrastructure modernization, and global trade competitiveness.

With 839 projects worth Rs.5.5 lakh crore, the first programme has delivered remarkable outcomes, including 118% growth in coastal shipping, a 700% surge in inland waterway cargo movement, and nine Indian ports ranking among the world’s top 100.

Sagarmala 2.0, focused on shipbuilding, repair, recycling, and port modernization to enhance India’s maritime competitiveness, is advancing the 10-year-old Sagarmala Programme which was launched in March 2015 as the flagship initiative to revolutionize India’s maritime sector – covering 7,500 km coastline, 14,500 km of potentially navigable waterways, and a strategic position on key global trade https://sbi.com.in/.

Aligning with the vision of a Viksit Bharat and Atmanirbhar Bharat by 2047, Sagarmala 2.0 will accelerate port-led development and strengthen India’s position as a global maritime leader https://www.nseindia.com/.

The Sagarmala Startup Innovation Initiative (S2I2), launched on 19 Mar 2025, is a transformative program designed to foster innovation and entrepreneurship in India’s maritime sector. S2I2 supports startups in green shipping, smart ports, maritime logistics, shipbuilding technology, and sustainable coastal development by providing funding, mentorship, and industry partnerships https://www.bseindia.com/.

Anchored in the principles of RISE—Research, Innovation, Startups, and Entrepreneurship — S2I2 will drive technological advancements, enhance industry competitiveness, and accelerate economic growth. Together with Sagarmala 2.0, this initiative reinforces India’s commitment to maritime excellence and sustainable coastal development, paving the way for a globally competitive and future-ready maritime ecosystem.

The Sagarmala Programme, launched in March 2015, is the flagship initiative of the Ministry of Ports, Shipping, and Waterways for revolutionizing India’s maritime sector. India holds immense potential for port-led economic growth, said the Ministry.

Sagarmala aims to streamline logistics, reduce costs, and enhance international trade competitiveness by shifting from traditional, infrastructure-heavy transport to efficient coastal and waterway networks. The program focuses on port modernization, industrial growth, job creation, and sustainable coastal development, ensuring minimal infrastructure investment while maximizing economic impact.

The Sagarmala Programme is a key pillar of the Maritime Amrit Kaal Vision 2047 (MAKV), driving India’s ambition to become a global leader in maritime affairs. Building on Maritime India Vision 2030, MAKV sets ambitious targets, including 4 million GRT of shipbuilding capacity and 10 billion metric tons of port handling annually, aiming to position India among the top five shipbuilding nations by 2047 https://www.startupindia.gov.in/.

Formulated through 150+ stakeholder consultations and an analysis of 50 global benchmarks, MAKV outlines over 300 strategic initiatives to develop world-class ports, expand coastal and inland waterways, and promote a sustainable Blue Economy. As a core enabler, Sagarmala plays a transformative role in enhancing logistics, infrastructure, and shipping, accelerating India’s maritime growth by 2047.

As of 19 Mar 2025, 272 projects have been completed out of the 839 identified. The completed projects account for an investment of approximately Rs.1.41 lakh crores. Central ministries, IWAI, Indian Railways, NHAI, State Governments, Major Ports, and other relevant organizations implement these projects https://www.conexpoconagg.com/.

Sagarmala has made India’s ports faster, boosted the coastal economy, revived inland waterways, and improved global logistics rankings. Fiinews.com