India has announced a combined $110bn package to develop its ports and shipbuilding industry by 2020.
The ten-year plan is known as Maritime Agenda 2010-2020. This will replace the existing $30bn National Maritime Development Programme, which is due to expire in March of next year. The port sector under the new plan would invest $66bn, of which the majority will be from private investors.
Two new ports will be built, one on each coast, while four of the 13 existing major ports will be substantially upgraded. These will be Nhava Sheva, Cochin, Chennai and Visakhapatnam.
