The corporation has outlined a comprehensive financing framework to support the entire maritime value chain, with particular emphasis on vessel financing. In a major boost to India’s maritime financing ecosystem, the board of Sagarmala Finance Corp. Ltd (SMFCL) has approved an overall borrowing plan of ₹250 billion ($3 billion) to support infrastructure development across the...
Category: Ports & Shipping
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IWAI Signs MoUs to Boost Assam’s Inland Waterways and Industrial Logistics
The agreements seek to strengthen Assam’s inland water transport network and industrial logistics. The Inland Waterways Authority of India (IWAI), the nodal agency for the development of waterways, has signed two memoranda of understanding (MoUs) to strengthen Assam’s inland water transport network and industrial logistics, marking a major step in advancing sustainable connectivity and regional...
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Northeast to Anchor India’s Inland Waterways Revival, Says Shipping Minister Sonowal
Speaking at an energy conclave in Guwahati on Thursday, Sonowal said the rapid modernisation of India’s inland waterways is unlocking major economic opportunities while strengthening petroleum supply chains and export routes from Assam to Bangladesh and Southeast Asia. Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal has stated that inland waterways, particularly those in...
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Green Ferry Infrastructure on Yamuna to Transform Delhi Cruises and Transport: Sonowal
Developed at an estimated cost of ₹200 million, the Yamuna Boat Tourism and Ferry Infrastructure Project is currently under review, with facilities being readied to support future operations. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said that river cruises and ferry services in Delhi will receive a fillip with the launch of...
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RVNL Expands Beyond Rail with ₹5.35 Billion Visakhapatnam Port Authority Infrastructure Deal
The partnership signals RVNL’s strategic shift from a rail‑focused enterprise to a comprehensive infrastructure provider, in line with its vision of ‘From Rail Infra to All Infra’. Rail Vikas Nigam Ltd (RVNL), a Navratna public sector enterprise under the Ministry of Railways, has signed a memorandum of understanding (MoU) with Visakhapatnam Port Authority (VPA) for...
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IWAI Boosts Inland Cargo with PPP Transfer of Kalughat, Haldia Terminals
IWAI has significantly upgraded the 1,390 km stretch of National Waterway-1 through fairway development, construction of multimodal and intermodal terminals, modern navigational infrastructure, and over 60 community jetties to support riverine communities. The Inland Waterways Authority of India (IWAI) has marked two major milestones under the Jal Marg Vikas Project (JMVP) on National Waterway-1, with...
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Sembcorp Signs Green Hydrogen MoUs with Indian Ports at Maritime Week 2025
Sembcorp will collaborate with VO Chidambaranar and Paradip port authorities to develop an integrated green hydrogen and ammonia ecosystem, covering production, storage, handling, and export infrastructure in and around the ports. Singapore-headquartered Sembcorp Industries has signed non-binding memoranda of understanding (MoUs) with VO Chidambaranar Port Authority and Paradip Port Authority to advance green energy collaboration...
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IMW 2025: Strategic Fleet Ownership Key to India’s Energy Future
India’s Oil and Gas Minister urges domestic shipbuilders and carriers to build strategic assets amid the country’s surging energy demand. In a striking display of subtle wit, economic logic, and 39 years of diplomatic service, India’s Minister for Petroleum and Natural Gas, Hardeep Singh Puri, spotlighted the massive growth opportunity for domestic shipbuilders and shipping...
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IMW 2025: India positions itself as maritime bridge between Indo-Pacific and Global South, says Amit Shah
The Home Minister said India’s maritime strength lies not in competition but in cooperation, with the goal of building a green maritime future that drives growth while staying in harmony with nature. India’s emergence on the global maritime map, driven by structural reforms under Prime Minister Narendra Modi’s leadership, has positioned the country as a...
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IMW 2025: Gadkari Calls for Private Innovation in Ship Financing, Launches Maritime Vision Report
Drawing from the road sector’s success, Gadkari highlighted how his ministry mobilised ₹1.4 trillion through ToT, InvITs, and PPP models. Union Minister for Road Transport and Highways Nitin Gadkari on Monday called for the adoption of innovative financing models to unlock investment in India’s $1 trillion maritime economy. Speaking at India Maritime Week (IMW) 2025...