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...
Category: Ports & Shipping
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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...
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Inland Waterway Haldia Multi-Modal Terminal Operationalised Under PPP Model
The Haldia terminal in West Bengal will be managed by IRC Natural Resources, which won the bid with a ₹105.03-per-tonne royalty to IWAI. The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has formally handed over the Haldia Multi-Modal Terminal (MMT) to IRC Natural Resources, marking a key milestone...
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Sonowal Unveils Eight Maritime Projects to Mark New Mangalore Port’s Golden Jubilee
Cruise terminal, hospital, and green infrastructure anchor NMPA’s transformation into a smart, sustainable gateway. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal launched eight major infrastructure projects for the New Mangalore Port Authority (NMPA) in New Delhi on Wednesday, marking the port’s golden jubilee celebrations. The initiatives include a state-of-the-art cruise terminal, modern covered...
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India Unveils $1 Trillion Maritime Roadmap Ahead of Global Shipping Summit
Shipping Minister Sarbananda Sonowal on Tuesday outlined green shipping, port modernisation, and the creation of 15 million jobs as key growth areas under India’s maritime vision for Viksit Bharat@2047. Planned investments worth ₹80 trillion, the creation of 15 million jobs, and a decisive push towards green shipping are part of India’s strategy to achieve global...
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India Designates Three Major Ports as Green Hydrogen Hubs under National Mission
Projects in these zones will qualify for benefits under central and state schemes, including those aligned with the Green Hydrogen Mission. In a strategic push to build an integrated hydrogen ecosystem and accelerate India’s clean energy transition, the Ministry of New and Renewable Energy has formally recognised three major ports—Deendayal Port Authority (Gujarat), VO Chidambaranar...
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India Flags Third VLGC ‘Shivalik’ as Maritime Push Gains Momentum
The minister also confirmed that the state-owned Shipping Corp. of India is working with oil PSUs to aggregate demand for 112 vessels and form a joint venture for long-term fleet augmentation, an initiative that could save India up to $75 billion in foreign exchange annually paid to foreign shipping lines. In a major boost to...
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India Anchors $8 Billion Maritime Investment Wave
Bhavnagar event sees MoUs signed for new ports, shipbuilding clusters, green transport, and financing partnerships. India’s maritime sector is poised for a transformative leap, with potential investments totalling ₹660 billion ($7.9 billion) inked at the recent ‘Samudra Se Samriddhi: Transforming India’s Maritime Sector’ event held on September 18 and 19 in Bhavnagar, Gujarat. According to...
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Cochin Shipyard Partners with HD Korea to Build Large Vessels, Invests Rs 18.7 Billion in Kochi Facility
CSL also signed a second MoU with Guidance, Tamil Nadu’s nodal investment agency, to catalyse the development of shipbuilding clusters and strengthen regional maritime infrastructure. Cochin Shipyard Ltd (CSL), India’s largest shipbuilding and maintenance facility, has signed a strategic memorandum of understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering to advance long-term collaboration in...
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India Unveils ₹697 Billion Maritime Revamp to Boost Shipbuilding, Jobs, and Global Competitiveness
Central to the package is the extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until March 31, 2036, backed by a corpus of ₹247.36 billion. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a comprehensive package worth ₹697.25 billion to revitalise India’s shipbuilding and maritime ecosystem. The initiative adopts a four-pillar strategy...