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MARITIME CLUSTER POLICY
South Korea, Japan reaffirm denuclearisation goal, closer defence tiesSouth Korea and Japan are strengthening security ties, reaffirming their commitment to denuclearizing the Korean peninsula. Defence ministe...- Doubled in 5 years: India's military-industrial moment has arrivedIndia's defence production has surged to a record Rs 1.78 lakh crore in FY26, nearly quadrupling since 2013-14. This growth, fueled by the ...
- Ship-building scheme gets 12 applications seeking incentivesThe scheme, launched last September, aims to make domestic shipyards more competitive by bridging the cost arbitrage with foreign rivals in...
- Sonowal unveils roadmap for maritime reforms, digital governance under Viksit Bharat 2047Union Minister Sarbananda Sonowal is driving India's maritime sector forward. A comprehensive reform roadmap aims to boost ease of doing bu...
- Portugal eyes bigger role in India’s infrastructure, manufacturing push as trade ties deepenPortugal's Minister of State for Economy, João Rui Ferreira, expressed readiness to contribute to India's infrastructure goals, highlightin...
- Iran juggles oil cuts and storage strain to resist US blockadeTightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as s...
- India steadily positioning itself as competitive maritime nation: Shipping secretaryIndia is strengthening its position as a maritime power. Policy changes, infrastructure growth, and private sector engagement are driving t...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- The K-pop cash flow: South Korean beats power India's FDI remixSouth Korean President Lee Jae Myung's visit to New Delhi signals India's strategic push for large-scale FDI in advanced manufacturing and ...
- Budget 2026: As the world fractures, India must look seawardUnion Budget of India: India's shipping and ports sector is emerging as a key driver for economic growth. Strategic investments in ports an...
- Defence PSU Goa Shipyard to invest ₹1,500 crore in Andhra Pradesh greenfield facilityGoa Shipyard will invest ₹1,500 crore to build a new facility in Andhra Pradesh. This marks the company's first expansion outside Goa. The ...
- Maritime Week 2025: India's next ports of callIndia's maritime sector is set for major growth. The nation is transforming into a diversified trading power. This requires swift developme...
- Exploring tax, policy measures to strengthen maritime sector: Sarbananda SonowalThe government actively explores tax and policy changes for India's maritime sector. A ₹70,000 crore plan will transform shipbuilding into ...
- Govt committed to positioning India as shipbuilding hub: Sahntanu ThakurIndia aims to become a top shipbuilding hub by 2047, driving its blue economy through strategic initiatives and investments. Maharashtra is...
- Govt approves policy to make Maharashtra shipbuilding hub, create 40,000 jobs by 2030Maharashtra is set to become a major shipbuilding hub. The state government approved a new policy for shipbuilding, repair, and recycling. ...
- 'Bharat Container Line will help derisk overseas trade'India plans to launch Bharat Container Line to reduce reliance on foreign vessels and boost overseas trade. The initiative will start with ...
- ‘Strong support for India’s ports, shipping & logistics sectors’—Industry players laud Union Budget 2025The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund
- Rs 30,000 crore maritime development fund to help shipbuildingIndia is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycl...
- For a larger slice of global pie, India seeks anchor role to turn local shipbuilding tideThe government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies o...
- Ship building and repair clusters will be developed in coastal cities: SonowalUnion Ports, Shipping, and Waterways Minister Sarbananda Sonowal announced plans to establish ship building and repair clusters in strategi...
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