GOVT initiates a master plan for the development of mega ports

India Plans Six Mega Port Clusters to Boost Maritime Infrastructure by 2047

Union Minister for Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, announced plans for six harbor clusters in India. These clusters, including Cochin-Vizhinjam, Galathea South Bay, and Paradip, aim to boost capacity to over 500 MTPA by 2047. The focus is on infrastructural development under the Maritime Amrit Kaal Vision to meet future demands efficiently.

Continue reading

India Seeks South Korea and Japan Investment to Boost Shipbuilding Industry

India is actively seeking investments and technology transfer from South Korea and Japan to boost its shipbuilding industry. With plans for mega shipbuilding parks and a Maritime Development Fund, the goal is to rise in the global shipbuilding rank. Efforts to attract foreign companies for establishing shipbuilding facilities show potential for growth.

Continue reading
Advertisements