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...
Category: Ports & Shipping
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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...
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India’s Coastline Will Drive Prosperity: PM Modi Unveils ₹60 Billion Maritime Projects in Gujarat
Speaking at Bhavnagar, Prime Minister Narendra Modi laid the foundation stone for the world’s first compressed natural gas (CNG) terminal and a brownfield port, launching ₹60 billion worth of projects to boost India’s coastal economy, logistics capacity, and global trade integration. Prime Minister Narendra Modi has said that India’s coastline will become the gateway to...
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SDHI Signs ₹42.5 Billion Shipbuilding Pact with GMB, Partners with SMFCL to Advance Maritime India Vision
Anchored in Maritime India Vision 2030 and the Amrit Kaal Vision 2047, the agreements signal a strategic leap in infrastructure, skills, and global maritime competitiveness. Swan Defence and Heavy Industries (SDHI), India’s largest shipbuilding and heavy fabrication firm, has signed two strategic memoranda of understanding (MoUs) aimed at accelerating the country’s maritime manufacturing ecosystem. Inked...
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India Accelerates Green Hydrogen Push with Port-Based Pilots, R&D Grants and Industry Backing: Pralhad Joshi
To accelerate innovation in green hydrogen, India has launched a ₹1 billion call for proposals targeting start-ups, offering up to ₹50 million per project for pilot initiatives in production, storage, transport and utilisation technologies. Union Minister for New and Renewable Energy Pralhad Venkatesh Joshi has said India is actively working to realise the goals outlined...
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Sonowal Reaffirms Shipbuilding Push as VOC Port Launches Green Hydrogen Pilot
While the pilot project makes VOC Port the first in India to produce and utilise green hydrogen on-site, the upcoming green methanol bunkering and refuelling facility is set to establish it as South India’s key hub on the proposed Coastal Green Shipping Corridor. Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, has reiterated the...