Sagarmala Finance Corp Plans Fundraising to Boost Indian Maritime Sector
Sagarmala Finance Corp Ltd (SMFCL), India’s first maritime non-banking finance corporation, plans to raise ₹4,000 crore in six months through market borrowings. The company is in talks with public and private banks for funding. It aims to support maritime sector projects, including skill development and infrastructure enhancements. A new Managing Director will be appointed soon.