Annual Financial Budget Gives Push to India's Shipping Sector, an Industrial Info Market Brief

For the 2019-20 fiscal year, India increased the financial budget allocation for shipping sector from approximate $53.3 million to $76.9 million to develop India's coastline into a industrial hub by investing in schemes like inland waterways to use rivers to shift inland cargo movement from road and rails to ports.

Industrial info is tracking 197 marine cargo handing and water transportation projects in India worth $3.17 billion that will kick off between April 2019 and March 2020. Click here for a list and see graph below for investment by state.