On Friday, the Centre announced a Rs 2,000 crore investment in Goa’s maritime sector, focusing on the Goa Water Metro project. Union Minister Sarbananda Sonowal emphasized that this initiative will modernize coastal and inland waterways, enhancing urban mobility. The new Captain of Ports Terminal Building symbolizes Goa’s maritime heritage and future aspirations.
Sagar Defence Engineering has marked a pivotal moment with the groundbreaking of the world’s first Autonomous Maritime Shipbuilding and Systems Centre in Andhra Pradesh. Laid by Minister Nara Lokesh, this facility aims to enhance India’s defence manufacturing and autonomous maritime technologies, promoting self-reliance and innovation in the sector.
The central government plans to unveil a ₹70,000-crore package to boost shipbuilding, repair, and port infrastructure by mid-September. This includes ₹20,000 crore for a shipping cluster program and a similar amount for the revamped Shipbuilding Financial Assistance Programme, aiming to attract investments and enhance maritime capabilities across several states.
The Western Arctic Marine Training Centre (WAMTC) recently celebrated the graduation of nine students from their bridge watch rating program. These graduates, mainly from the Northwest Territories, are now ready to work as deckhands on marine vessels in Canada. The ceremony, attended by local politicians, highlighted the high demand for qualified mariners in the industry.
The Indian government is considering using its own funds to establish a P&I entity for insuring cargo vessels. Private insurers are expected to contribute later. Discussions are ongoing with stakeholders, aiming to cover coastal and riverine vessels initially. The plan involves international partnerships, a fixed premium framework, and involving global players for reinsurance management.
