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GIFT City Units Freed from Coastal Shipping Licence, Boosting India’s Maritime Finance Hub

GIFT City Units Freed from Coastal Shipping Licence, Boosting India’s Maritime Finance Hub

This landmark maritime reform is set to drive leasing, financing, and ship‑owning through GIFT City, while opening India’s maritime assets to deeper global capital participation. In a landmark reform, the Centre has exempted units established in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, from the licensing requirement under Section 11 of the Coastal...

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Government push makes India’s maritime sector future-ready, unlocking $1 trillion potential”: Sonowal

Government push makes India’s maritime sector future-ready, unlocking $1 trillion potential”: Sonowal

Speaking ahead of India Maritime Week 2025, scheduled from October 27-31, Sonowal said India was committed to building a resilient, sustainable and future-ready maritime ecosystem, unlocking vast avenues for international collaboration. With India entering a new chapter in its maritime journey, the global community must prepare to engage with the significant investment opportunities now emerging,...