New Delhi, July 10 (IANS) In a major policy reform aimed at strengthening India’s maritime services ecosystem, the Union government has exempted units established in the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, from the licensing requirement under the Coastal Shipping Act for chartering foreign vessels for EXIM and international trade operations. The reform is expected to strengthen GIFT City as a globally competitive maritime leasing and financing hub, facilit…
Latest Maritime ecosystem News & Updates
New Delhi, June 30 (IANS) Drones are set to remain among the fastest‑growing segments within India’s defence ecosystem, with the tactical drone procurement opportunity rising from Rs 30‑35 billion in the previous procurement cycle to nearly Rs 120‑140 billion, a report said on Tuesday.India’s defence sector is entering a structural, multi-year growth cycle driven by indigenisation, increasing defence capital expenditure, rising exports and accelerated adoption of advanced technologies, t…
New Delhi, May 1 (IANS) An industry leader on Friday backed the Great Nicobar Project, saying its direct impact lies on safeguarding India’s communication routes, maritime interests and national security.Speaking to IANS on the ongoing debate around the project, Rawat underlined that infrastructure development — whether highways or strategic maritime hubs — must be seen in the larger context of national interest.“While ecological concerns are important, questions raised years after project…