Over the next decade, the Indian cruise market has the potential to increase by 8X driven by rising demand and disposable incomes. However, to do so, India will have to focus on the development of infrastructure to unlock demand. Optimized development and phasing strategy are necessary for development of this sector.
Taking the lead, Essar Ports has developed Essar Hazira Ferry Terminal — a common user infrastructure under its not-for-profit initiative. Essar Ports envisions of developing similar ferry-cum-RO-PAX terminals across the coastline of India which can revolutionize transportation of passengers and goods in India.