The minister said Andhra Pradesh is well positioned to emerge as a globally competitive maritime and logistics hub, backed by its strategic location, extensive coastline and expanding port infrastructure. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said Andhra Pradesh is well positioned to emerge as a globally competitive maritime and logistics hub,...
Tag: Shipbuilding
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India, HD Hyundai Target DPR Completion for $4 Billion Thoothukudi Shipyard Within Six Months
The proposed shipyard aims to develop a globally competitive shipbuilding ecosystem in India through technology transfer, workforce development and collaboration with industry and academic institutions. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said he wants India to emerge as a key pillar of global shipbuilding leader HD Hyundai’s long-term growth strategy through...
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Sonowal Courts Global Partners in South Korea to Accelerate India’s Maritime Ambitions
In a series of meetings with South Korean and Cypriot stakeholders in Busan, the Union Minister for Ports, Shipping and Waterways sought to deepen investment, technology and financing partnerships for India’s maritime sector. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal intensified efforts to attract global investment, technology and financing into India’s maritime sector,...
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India Seeks Fair Maritime Rulebook as Sonowal Engages Korean Industry
The Shipping Minister has called for global maritime standards that are uniform in ambition but flexible in implementation. India has called for globally harmonised maritime standards that are ambitious yet practical for countries at different stages of development, with Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal urging greater international cooperation to help nations...
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AM/NS India Steel Powers INS Mangrol as Indigenous Naval Fleet Expansion Advances
Built by Cochin Shipyard Ltd with more than 80 per cent indigenous content, INS Mangrol reflects the nation’s growing capabilities in warship design, construction and systems integration. ArcelorMittal Nippon Steel India (AM/NS India) has supplied 100 per cent of the specialised steel used in INS Mangrol, the Indian Navy’s third Mahe-class Anti-Submarine Warfare Shallow Water...
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Sonowal Urges Indian Shipbuilding Professionals in South Korea to Power India’s Maritime Rise
The minister has called on Indian professionals in South Korea to mentor young talent and contribute to technology and shipbuilding initiatives supporting India’s maritime ambitions. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has called on Indian professionals working in South Korea’s shipbuilding sector to help transfer global best practices to India and strengthen...
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SMFCL Targets ₹602 Billion Disbursals by 2031 as Maritime Financing Ecosystem Takes Shape
As of September 2026, SMFCL had sanctioned financing worth ₹115.63 billion and disbursed ₹51.07 billion across maritime projects, with more than half the sanctioned amount yet to be drawn as projects advance. India’s first dedicated maritime-sector non-banking financial company (NBFC), Sagarmala Finance Corp. Ltd (SMFCL), is targeting cumulative disbursals of ₹602.05 billion by FY2031, as...
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SDHI Doubles Workforce, Targets 550 More Hires by FY2027
Scaled execution of ongoing projects is expected to generate at least 5,000 additional jobs over the next two to three years. Most of these will come through vendor and supply‑chain partners. Swan Defence and Heavy Industries Ltd (SDHI), India’s leading shipbuilding and heavy fabrication firm, has more than doubled its workforce over the past 18...
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SDHI Secures Svitzer Contract to Build Four Advanced TRAnsverse 3200 Tugs
The TRAnsverse 3200 tugs will run on biofuels, meet global emission standards, and feature advanced firefighting systems. Swan Defence and Heavy Industries (SDHI), India’s largest shipbuilding and heavy engineering company, has won a contract from Denmark‑based towage operator Svitzer to construct four advanced TRAnsverse 3200 tugs. Deliveries are scheduled to begin in early 2028. This...
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Porbandar Shipbuilding Cluster, Vadinar Repair Facility Get Government Nod
The approvals include a greenfield shipbuilding cluster on the western coast and financial support for one of India’s largest ship repair facilities. The Ministry of Ports, Shipping and Waterways (MoPSW) has accorded in‑principle approval for a greenfield shipbuilding cluster in Porbandar district of Gujarat and a state‑of‑the‑art ship repair facility at the port town of...