Cochin Shipyard Ltd. (CSL) has signed a Memorandum of Understanding with HD Korea Shipbuilding & Offshore Engineering to explore long-term cooperation in shipbuilding. This partnership aims to enhance technical knowledge and develop new shipbuilding opportunities, supporting India’s ambition to become a leading marine hub in the global maritime industry.
Union Minister Sarbananda Sonowal has launched cutting-edge technology initiatives to elevate India’s maritime industry. Central to this is the SAGAR SETU platform, designed to enhance export-import services by connecting over 80 ports. Coupled with a Digital Centre of Excellence from CDAC, these initiatives promise to drive digital transformation and sustainable infrastructure development.
The Cabinet, under Prime Minister Narendra Modi, has approved the Coastal Shipping Bill, 2024, and the repeal of Part XIV of the Merchant Shipping Act 1958, except for section 411A. This decision is set to benefit various stakeholders in the shipping industry, aiming to streamline operations and enhance the integration of inland waterway.
The maritime industry in India is expected to have a bright future due to various factors such as the country’s…
