Sagarmala Finance Corporation Limited (SMFCL) plans to raise ₹8,000 crore this financial year, approved in its recent annual general meeting. The funds will support India’s maritime sector through banks, financial institutions, and bonds. With a borrowing limit of ₹25,000 crore, SMFCL aims to enhance investments and modernize port infrastructure.
The inaugural Goa State Session of India Maritime Week 2025 showcased Goa’s commitment to sustainable maritime development. Chief Minister Dr. Pramod Sawant emphasized the theme “Blue Meets Green,” unveiling plans for port infrastructure, green shipping, and advanced technologies. Goa aims to lead India’s vision of eco-friendly growth in the maritime sector.
At the India Maritime Week 2025 in Mumbai, Odisha’s Chief Minister Mohan Charan Majhi unveiled a bold maritime strategy, signing MoUs worth ₹50,000 crore. This initiative aims to enhance ports, shipping, and marine resources, positioning Odisha as a maritime leader while promoting sustainable practices and economic growth through job creation.
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum recently opened the Dubai International Boat Show 2025 at Dubai Harbour, highlighting its success as a testament to Dubai’s appeal in the maritime industry. With over 1,000 brands from 60 countries, the show features 200 yachts, cementing its status as the Middle East’s top marine exhibition.
