India’s Sagarmala Finance Corporation is preparing to launch the country’s first-ever blue bond, marking a significant step in sustainable maritime financing. The proposed issuance aims to raise up to ₹10 billion, including a greenshoe option, to support long-term investments in maritime and coastal infrastructure. This move is expected to broaden India’s sustainable finance market beyond traditional green bonds and attract ESG-focused investors.
The funds raised will be directed toward projects such as ports, shipbuilding, inland waterways, and coastal connectivity networks. By introducing a dedicated financing mechanism for ocean-related infrastructure, the initiative aligns economic growth with environmental responsibility while strengthening India’s maritime development strategy.