H2 Revolution
Maritime Development refers to the strategic planning, investment, and implementation of projects and initiatives aimed at enhancing the maritime sector, which includes shipping, ports, maritime trade, and marine resources. This encompasses various activities such as improving port infrastructure, advancing shipping technologies, fostering sustainable marine practices, and promoting maritime industries, including fishing and tourism.
Maritime Development also considers coastal and oceanic management, ensuring that economic growth in maritime activities is balanced with environmental conservation and societal benefits. It involves collaboration among government bodies, private sector stakeholders, and local communities to support economic growth while addressing challenges such as pollution, climate change, and maritime security. This term reflects an integrated approach to bolster the economic contributions of maritime activities while safeguarding maritime ecosystems and resources.
India's Ministry of Ports, Shipping, and Waterways is actively working on establishing a dedicated Maritime Development Fund to support the green transition of the country's shipping sector. The fund aims…