In September, India’s maritime sector made notable strides as the government advanced its Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. With 38 registered ship lessors managing 43 vessels, including 24 under the Indian flag, Union Shipping Minister Sarbananda Sonowal highlighted these developments at the India Ship Leasing Summit.
At the India Ship Leasing and Financing Summit in Gandhinagar, Union Minister Sarbananda Sonowal highlighted India’s maritime heritage and its ambition to establish GIFT City as a global maritime hub. Emphasizing reforms and financial initiatives, he outlined the government’s commitment to enhancing ship ownership and financing, positioning India for significant growth in the sector.
Cochin Shipyard Limited (CSL) has formed a 50:50 joint venture with Drydocks World Dubai FZCO to manage its International Ship Repair Facility in Kochi. The venture, valued at Rs 1,800 crore, will enhance ship repair capabilities and align with India’s Maritime Vision 2030, pending approvals by key authorities.
Nationals from 172 countries can now benefit from India’s new e-group visa system, streamlining cruise travel and aiming to double traffic by 2029. This initiative simplifies entry for international cruise ships, enhances processing at ports, and positions India as a premier maritime hub, inviting travelers to explore its vibrant coastal destinations.
Cochin Shipyard Limited and Svitzer have commenced the construction of four advanced battery-electric tugs, representing a milestone in green maritime technology. This initiative, part of India’s Maritime India Vision 2030, aims to enhance domestic electric propulsion capabilities while promoting sustainability and operational efficiency in port operations, supporting zero emissions when powered by green sources.
Union Minister Sarbananda Sonowal launched the ‘Sagar Mein Samman’ initiative to boost women’s participation in the maritime sector during the inaugural International Day for Women in Maritime. The initiative emphasizes inclusivity and sustainability, targeting 12% female representation in technical roles by 2030, aligning with the International Maritime Organisation’s theme for gender inclusion.
