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PORTS AND SHIPBUILDING FINANCING
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 ...
India–South Korea eye $50 billion trade, discuss critical tech, supply chains amid West Asia tensionsIndia and South Korea are set to significantly expand their trade partnership. The goal is to reach $50 billion in bilateral trade by 2030....
India, Korea can give new direction to multilateralism amid mounting challenges: South Korean Prez LeeSouth Korean President Lee Jae Myung envisions a strengthened special strategic partnership with India, focusing on trade, technology, crit...
India's first maritime-focused lender eyes $1 bln FY27 fundraiseSagarmala Finance Corp. will raise 100 billion rupees in FY27. This funding will support ports, shipbuilding, and waterways. The company wi...
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...
Why maritime self-reliance must be central to India’s 2047 visionA resilient maritime sector capable of withstanding extraordinary situations will strengthen India’s economic independence and global influ...
Sagarmala Finance Corporation to raise ₹8,000 crore this fiscalSagarmala Finance Corporation Ltd will raise up to ₹8,000 crore this fiscal year. The company's board approved a ₹25,000 crore borrowing li...
Sagarmala Finance to raise ₹8,000 crore to boost maritime infrastructureSagarmala Finance Corporation Limited plans to raise Rs 8,000 crore this financial year. Funds will be sourced from banks, financial instit...
Steady hand on the helm: India charts a confident course in global maritime transformationIndia is strengthening its maritime presence and global trade links. New initiatives aim to boost shipbuilding and shipping capacity. India...
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 to boost Maritime Development Fund to ₹70,000 crore, nearly triple budget allocationThe Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. Th...
Average turnaround time at Indian ports falls to less than a day: SonowalIndia's port turnaround time has dramatically improved, now under a day, surpassing many advanced nations, according to Union Minister Sarb...
Shipbuilding, maritime funds likely soonThe Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime developm...
Consortium of state-run companies to develop, run ports overseasIndia is forming a state-owned consortium, Bharat Global Port Consortium, to develop and operate overseas ports. Initiatives such as the 'O...
Budget 2025: Nirmala Sitharaman announces Maritime Development Fund of Rs 25,000 crore for long-term financingFinance Minister Nirmala Sitharaman announced a Maritime Development Fund with a corpus of Rs 25,000 crore to support the maritime industry...
‘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
Budget 2025: Tax breaks said to be among incentives for shipping sectorBudget 2025: The Indian government is considering incentives for the domestic shipping sector, such as tax breaks, support for vessel manuf...
Grant infrastructure status to shipbuilding industry: Nitin Gadkari"To promote domestic shipbuilding, I have urged Finance Minister Arun Jaitley to give infrastructure status to shipbuilding," he said.