The Indian dredging market was valued at $314.3 million in 2024 and is projected to reach $621.9 million in 2035, growing at a CAGR of 6.5% during the forecast period (2025-2035). In order to handle large container ships, some of the main ports are now expanding their existing capacity to handle large vessels. Given the opportunities, together with recent advancements in offshore exploration and national waterways (NWs), the Indian dredging operations appear to have a lot of potential to grow in the shipping, petroleum, and petrochemical sectors. Ocean routes account for over 75% of India's international trade in terms of value and 95% of its foreign trade in terms of volume.
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Currently, inland waterways make up 2% of India's total modal share, compared to 8–15% globally. There is a potential for growth in inland waterways. Recently, DCI signed an MoU with the Inland Waterways Authority of India to take up dredging works in the northeastern region of the country, particularly in the Brahmaputra, Barak, and Kopili rivers. Additionally, there will be other projects coming up at NWs, with a potential cumulative worth of about Rs 600 billion.
Strategic dredging projects that increase navigational depth near major oil jetties and freight terminals are critical to India's energy logistics. Oil and gas companies require reliable and deep-draft port access to move larger tankers, lowering turnaround times and enhancing supply chain efficiency. For instance, in February 2025, Knowledge Marine & Engineering Works Ltd. (KMEW) won a contract for the dredging works in the navigational channel of Kandla Creek, Oil Jetties, and Cargo Berths at Deendayal Port. The contract, awarded by the Dredging Corporation of India (DCI), is valued at Rs 48.45 crore ($5.5 million), includes a period of one year, with the potential for a one-year extension, bringing the total contract value to Rs 96.91 crore ($11 million).
According to KMEW, the scope of work includes a balanced mix of capital and maintenance dredging, ensuring optimal depth in the navigational channels for seamless maritime operations. Furthermore, in December 2022, Dredging Corporation of India Limited (DCI) won an Rs 60 crore contract from Numaligarh Refinery Ltd (NRL) for reclamation dredging at its crude oil import terminal (COIT) at Paradip Port. The work involves transportation and pumping of dredged material from the sand trap at Paradip Port to the crude oil import terminal of NRL for the year 2022–23.
Market Coverage
• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o Type
o End-User
• Competitive Landscape - Adani Ports and Special Economic Zone Ltd., Dredging Corporation of India Ltd., Knowledge Marine & Engineering Works Ltd., Navayuga Engineering Company Ltd., Royal Boskalis Westminster NV, among others.
Key questions addressed by the report.
India Dredging Market Report Segment
By Type
• Mechanical Dredger
o Bucket Dredger
o Grab Dredger
o Backhoe Dredger
• Hydraulic Dredger
o Suction
o Cutter Suction Dredger
o Trailing Suction Hopper Dredger
o Barge Unloading Dredger
By End-User
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