India ranks 16th among the maritime countries and has one of the largest merchant shipping fleet. India has a total of 13 major ports and 187 minor ports spread across the nine maritime states

About 95% of India's overseas cargo by volume and 75% by value are carried by sea. The major ports thus play a key role in facilitating external trade. The share and importance of private sector development of non-major ports in the Indian maritime sector has been steadily increasing due to capacity constraints at Major ports

Over the last few years, Ministry of Shipping (MoS) has made consistent efforts to channelize private investment into the port sector with the most significant development being finalization of Model Concession Agreement (MCA) in 2008. The MCA has ensured standardization of financial / commercial terms thereby enhancing project bankability for PPP projects. Maritime state governments have also taken up several policy and institutional initiatives to encourage private investment in especially non-major ports

Further, Government of India is now planning to expand its maritime footprint globally by establishing Indian Ports Global (IPG) — a company which would invest in international ports and terminals IPG would be set up on the lines of Dubai Port International and Singapore's PSA International with an initial seed capital of Rs 2,500 crore

The Maritime Agenda was launched by MoS in January 2011 highlighting the perspective plan for growth in this sector for the present decade (2010-2020) detailing capacity creation targets for ports and ship-building industry. The Maritime Agenda envisages creation of a port capacity of around 3,200 MnT to handle the expected traffic of about 2,500 MT by 2020. The total proposed investments in major and non-major ports by 2020 is expected to be Rs 287,000 crores and the total proposed investments in the shipping sector by 2020 – Rs 165,000 crores. The MoS also envisages increasing India's share in global shipbuilding to 5% from present 1%

IL&FS's involvement in the maritime & logistics sector dates back to the early 1990s where IL&FS started advisory roles and acquired small stakes in Infrastructure Development companies

IL&FS through its wholly owned subsidiary – IL&FS Maritime Infrastructure Company Ltd (IMICL). is working towards agglomeration of marine infrastructure assets by participating in the capacity of Sponsor, Promoter and Developer of projects and by taking strategic positions in projects through alliances/partnerships

IMICL has created diversified project portfolio of USD 2,000 Mn comprising of ports, terminals, shipyards and oil tank farm scheduled to start commercial operations over the next 5 years in its various roles as a Sponsor or Developer or Investor through various development modules
Projects in this Sector
  • Berth at Vizag Port, Andhra Pradesh
  • Container Transhipment Terminal
  • Cuddalore captive Port, Tamil Nadu
  • Dighi Port Project
  • Fujairah Tank Farm, UAE
  • Gangavaram Port
  • Nana Layja Integrated Maritime Complex, Gujarat
  • Pipavav Shipyard
  • Rewas Aware Port