“While it is clearly a transformation in intent, it has to be delivered. The crucial factors to focus on are facilitation of regulatory approvals, marine talent, funding for tier 2 and tier 3 suppliers, and harmonization at both the central and state levels. However, these steps are a definitive step in the right direction. Along with India’s strategic location, the growing volume of freight movement, and the focus on green and cleaner shipping and alternate fuel options, the above-mentioned policy could accelerate the country’s transition from being a consumer to a manufacturing and logistics leader in the maritime industry globally,” Kaushik said.