New Delhi, July 25 (IANS) A comprehensive Rs 69,725 crore package has been approved to strengthen domestic shipbuilding capacity, maritime financing and skilling as part of measures to revamp India’s shipbuilding industry, the government has said.The package includes a Shipbuilding Financial Assistance Scheme with an outlay of Rs 24,736 crore to address cost disadvantages of Indian shipyards compared to global yards, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said in Lo…
Latest Maritime India Vision 2030 News & Updates
Visakhapatnam, July 11 (IANS) Defence Minister Rajnath Singh on Saturday asserted that while emerging technologies such as Artificial Intelligence are transforming the nature of warfare, conventional military capabilities remain indispensable, stressing that future conflicts may involve AI but will ultimately be won through national resolve, trained soldiers and credible military strength. Addressing the gathering during the commissioning ceremony of INS Mahendragiri into the Indian Navy in Andh…
New Delhi, July 7 (IANS) Kamarajar Port Limited (KPL) in Tamil Nadu has emerged as a deep-water port capable of handling Capesize vessels, with the successful completion of its Capital Dredging Phase VI project, and has now become the country’s second major port, after Visakhapatnam, to offer an operational draft of 18 metres which can accommodate vessels carrying cargo parcels of up to 1,70,000 DWT, according to an official statement issued on Tuesday. The dredging project, taken up in line w…
New Delhi, May 30 (IANS) The ‘Logistics Port Performance Index’ (LPPI) is a major step towards improving the efficiency, transparency and global competitiveness of Indian ports, the government has said.By promoting continuous improvement and global benchmarking, it will strengthen India’s position as a leading maritime power, said Union Minister Sarbananda Sonowal.The LPPI for FY 2024-25, along with four new digital initiatives, are aimed at improving governance, transparency and ease of d…
Gandhinagar/New Delhi, May 6 (IANS) Gujarat Chief Minister Bhupendra Patel has described the proposed ship repair facility at Vadinar town in Devbhumi Dwarka district as a “transformative project” that would strengthen India’s maritime capabilities and drive economic growth in the state, following its approval by the Union Cabinet. Expressing gratitude to Prime Minister Narendra Modi, Chief Minister Patel on Tuesday said, “Gratitude to Prime Minister Narendra Modi for approving the development o…
New Delhi, May 5 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a Rs 1,570 crore proposal on Tuesday for the development of a state‑of‑the‑art Ship Repair Facility at Vadinar in Gujarat, marking a major expansion of the national ship repair ecosystem. The project will be jointly implemented by the Deendayal Port Authority (DPA), which is the administrative authority that runs the Kandla port, and the Cochin Shipyard Limited (CSL).The pro…
New Delhi, May 2 (IANS) With the Great Nicobar Project, India can convert locational advantage into economic leverage, strategic depth and maritime influence, according to a new report.The island is remote, the project is expensive, and the execution risks are real. But the underlying logic — that geography left dormant is geography surrendered — is sound, writes Hans Kaufmann, a distinguished economist specialising in global fiscal policy, in India Narrative.Also, Great Nicobar does not “…
Bhubaneswar, March 13 (IANS) Chief Secretary Anu Garg on Friday said that the state would achieve its ambitious vision of a Viksit Odisha by 2036 by harnessing its huge potential in the blue economy. While addressing the gathering during the inauguration of a Global Summit on Blue Economy 2026 at the Lok Seva Bhawan here, Garg, highlighting the potential of ocean-based sectors to drive economic growth, emphasised Odisha’s EDGE, strong economic fundamentals, favourable demography, strategic geo…
New Delhi, March 11 (IANS) The government held a high-level interaction with the National Shipping Board (NSB) on Wednesday to address emerging challenges in India’s shipping sector and review measures to strengthen maritime capacity amid evolving global geopolitical and trade dynamics.Minister for Ports, Shipping and Waterways Sarbananda Sonowal chaired the meeting, which brought together members of the National Shipping Board, industry leaders, maritime stakeholders, and senior officials of …
Kochi, Jan 30 (IANS) India’s maritime domain will be a central pillar of the country’s economic expansion and global competitiveness under the Viksit Bharat 2047 vision, Director General of Shipping Shyam Jagannathan said on Friday, underscoring the strategic role of the Blue Economy in driving sustainable growth.His statement came on the concluding day of COMARSEM 2026, which saw key stakeholders from across the global maritime industry, including policymakers, industry leaders, technologis…