The Indian shipbuilding industry is undergoing a transformation, driven by the government’s initiatives under Prime Minister Modi. The Union Budget 2025 introduces reforms to enhance shipyard competitiveness, including a revamped financial assistance policy and a Rs 25,000 crore Maritime Development Fund to modernize capabilities and attract investments.
Chief Minister Mohan Charan Majhi announced a significant push for maritime commerce in Odisha, signing two Concession Agreements for Gopalpur Port expansion and a new jetty at Jatadhari river mouth. These projects, involving investments of ₹2,100 crore and ₹16,554 crore, aim to create approximately 8,450 jobs and enhance cargo capacity.
Union Minister Sarbananda Sonowal met Japan’s Vice Minister Terada Yoshimichi in Oslo to strengthen maritime cooperation. They discussed shipbuilding, port digitalization, green initiatives, and transforming Andaman & Nicobar and Lakshadweep into Smart Islands. Sonowal emphasized India’s eagerness for joint ventures and proposed training programs for Indian seafarers to support Japan’s maritime needs.
Many of Greece’s ports are deemed inadequate and dangerous by the Panhellenic Union of Merchant Marine Masters. The annual report highlights neglect and the urgent need for significant investments to address issues faced in ports across Greece. PEPEN advocates for increased attention and investment, emphasizing safety concerns and infrastructure challenges.
