Caravel Group Acquires Maritime Body to Boost Training for Indian Seafarers

Hong Kong-based Caravel Group Acquire has recently acquired the International Maritime Institute, a prominent maritime training institute located in Greater Noida. This acquisition aims to enhance the facility and provide more opportunities for Indian seamen to advance in their careers and command ships. India is recognized as one of the leading global suppliers of seamen, following closely behind the Philippines. The Caravel Group, with a fleet of over 700 vessels, is also looking to expand its presence in India. However, challenges related to taxation policies and capital, including debt and equity, have been identified as obstacles to increasing the number of Indian flag vessels.

The acquisition of the International Maritime Institute by Caravel Group Acquire is a strategic move to strengthen the maritime training infrastructure in India and support the growth of the country’s seafaring industry. By upgrading the facility in Greater Noida, more Indian seamen will have access to advanced training and career opportunities in the maritime sector. With India’s significant contribution to the global seafaring workforce, this acquisition aligns with the Caravel Group’s goal of expanding its operations in the country and fostering the development of skilled maritime professionals.

Caravel Group’s acquisition of the International Maritime Institute underscores its commitment to investing in India’s maritime industry and supporting the training and development of Indian seafarers. By acquiring a leading maritime training institute, the group aims to enhance the skills and capabilities of Indian seamen, ultimately contributing to the growth and competitiveness of the country’s maritime sector. Despite challenges related to taxation and capital, the Caravel Group remains dedicated to expanding its presence in India and facilitating the advancement of Indian seafarers in the global maritime industry.

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