New Delhi, April 30 (IANS) India is advancing a roadmap to add 62 vessels in FY2026–27 backed by a investment of Rs 51,383 crore, creating an additional 2.85 million gross tonnage (GT) capacity, according to the government.In a push towards self-reliance in the maritime sector, a high-level inter-ministerial review meeting on the Strait of Hormuz situation pivoted to accelerating India’s shipping capabilities, with a renewed focus on building a robust, future-ready maritime ecosystem.Ministe…
Latest Maritime Sector News & Updates
Mumbai, April 23 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Thursday said that the state continues to solidify its position as the “growth engine” of India and the top destination for foreign direct investment. He expressed confidence that Maharashtra is rapidly emerging as a global investment hub for international corporations, driven by the government’s pro-industry policies.He was speaking during a high-level meeting between the Danish Ambassador to India, Rasmus Abildgaard Kriste…
New Delhi, April 11 (IANS) India’s maritime sector has seen significant expansion in capacity, connectivity, and operational efficiency over the past decade and the Sagarmala programme has contributed to the modernisation of ports, the development of coastal and inland waterway infrastructure, and the enhancement of cargo handling capabilities, an official fact-sheet said on Saturday.Over the past 11 years, the Sagarmala programme has delivered measurable outcomes. Sagarmala 2.0, supported wit…
New Delhi, March 18 (IANS) All Indian seafarers in the Middle East region are safe, and no shipping incident involving Indian-flagged vessels has been reported in the past 24 hours, the Ministry of Ports, Shipping and Waterways said on Wednesday.At present, 22 Indian-flagged vessels with 611 Indian seafarers remain in the western Persian Gulf region, with the Directorate General of Shipping continuing close monitoring in coordination with ship owners, RPSL agencies and Indian Missions, a ministr…
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to strengthen India’s competitiveness through fiscal discipline, structural reforms and targeted steps to boost private investment, industry said on Sunday.CII President Rajiv Memani said the Budget reinforces confidence in India’s growth story at a time when global economic conditions remain uncertain and investors are increasingly looking for policy clarity and long-term stability.“The Budget’s fo…