The government is considering granting infrastructure status to the shipping industry to boost India’s shipbuilding and ownership rankings by 2047. This would allow shipping companies better access to funds for ship purchases from Indian shipyards, promoting growth in the industry. The move aligns with India’s goal to become a global leader in shipbuilding.
The Union Ministry of Ports, Shipping, and Waterways plans to acquire over 5,000 acres of salt pan lands in Maharashtra for industrial and maritime infrastructure projects, including the Vadhvan Port in Palghar. This strategic move aligns with the government’s efforts to boost India’s maritime trade capacity and support economic growth in key sectors.
The Ministry of Ports, Shipping, and Waterways has formed a task force to establish the Indian Maritime Centre, aiming to enhance the global reputation of the Indian maritime sector. The task force will provide policy direction and is supported by the Indian Ports Association. The IMC will be a world-class facility.
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