In a recent meeting between Prime Minister Modi and Thailand’s Paetongtarn Shinawatra, India and Thailand solidified their bilateral relationship through strategic partnerships. Agreements were signed to enhance cooperation in digital technologies, maritime heritage, small industries, and aligning policies. The focus on crucial sectors like defense and security highlights the commitment to mutual growth and friendship.
Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal announced the advancement of Sagarmala projects worth Rs 24,000 crore in Goa to transform the maritime sector. During his visit to attend the MSDC meeting, discussions on Maritime India Vision 2030 and Amrit Kaal Vision 2047 will be held to review project progress and address key issues. Sonowal emphasized the importance of enhancing maritime infrastructure to attract more cruise tourists and promote tourism in India.
This week’s maritime roundup highlights transformative shifts from 19 Aug. to 25 Aug. 2024. Key developments include innovative funding solutions in India’s shipping sector and advancements in safety and sustainability. The industry is increasingly focusing on environmental stewardship and technology integration, addressing challenges while seizing opportunities for the future.
A non-banking financing company is in development under the Sagarmala initiative to support the shipping and shipbuilding sectors. The proposal, led by the Shipping Ministry, is awaiting approval from the Finance Ministry and RBI. Expected to be operational by December 2024, the NBFC aims to address funding challenges faced by maritime companies and shipyards.
How India’s Sagarmala projects are driving country’s maritime success 23 Oct 2022India has completed 209 port-related projects under its flagship…
Following Stories compiled in this News Digest for the week from 11 Apr 2022 to 17 Apr 2022 in descending…
Following Stories compiled in this News Digest for the week from 27 Dec 2021 to 02 Jan 2022 in descending…
