Page 2 - Maritime Sector

India is betting big on shipbuilding to anchor its maritime power push

Once a neglected sector, India's maritime industry is now at the heart of a Rs 70,000 crore plan to build ships, create jobs, and position the country among the world's top shipbuilders by 2047

India's maritime strength linking Indo-Pacific and Global South: Amit Shah

Shah emphasized India's maritime strength and strategic location, inviting global investors to tap into the sector's vast potential

PM Modi declares 2026 as Asean-India year of Maritime cooperation

The India-ASEAN Comprehensive Strategic Partnership is emerging as a powerful foundation for global stability and growth, Prime Minister Narendra Modi said on Sunday. In a virtual address at the India-ASEAN (Association of Southeast Asian Nations) annual summit, Modi also said that the grouping is a key pillar of New Delhi's Act East Policy. "India has always fully supported 'ASEAN centrality' and ASEAN's outlook on the Indo-Pacific," he said. "Even in these times of uncertainty, the India-ASEAN Comprehensive Strategic Partnership has made steady progress. Our strong partnership is emerging as a powerful foundation for global stability and growth," Modi said. The prime minister said India has "stood firmly with its ASEAN friends" in every crisis and the two-way cooperation in the spheres of maritime security and the blue economy is growing rapidly. "In light of this, we are declaring 2026 as the ASEAN-India year of maritime cooperation," he announced. "We are also vigorously ...

IMO's net-zero framework: Industry at sea over carbon-levy decision

UN maritime body defers vote on key carbon levy till 2026, leaving global shipping industry uncertain on decarbonisation timelines and investment clarity

Govt expects ₹80 trn investment in India's maritime sector: Sonowal

Sonowal noted that India Maritime Week 2025 would witness participation of over one lakh delegates and 500 exhibitors from more than 100 countries, apart from coastal states like Maharashtra

Sagarmala NBFC to tap maritime development fund for up to ₹15,000 crore

The NBFC will tap into the MDF - one of the three pillars of the Rs 69,725 crore shipbuilding package - which was created as a financial umbrella for various areas

Maritime ambitions: New policy can increase capacity substantially

Straddling major global shipping lanes in the Indian Ocean, India can serve as a hub for trade, logistics, and vessel maintenance

Cabinet clears ₹69,725 cr package to boost shipbuilding, maritime sector

Union Cabinet approves ₹69,725 crore maritime reforms package to build shipyards, expand clusters, provide long-term funding and strengthen India's shipbuilding capacity

Union Cabinet likely to consider ₹70,000 cr maritime initiatives soon

Queries sent to the ministry of ports shipping and waterways remained unanswered at the time of going to press

BS Infra Summit: India sets sail on ₹60,000 cr PPP course, says Sonowal

Ports ministry bets on PPPs, green corridors, and mega harbours to redraw trade routes by 2030

BS Infra Summit: India must support logistics, say industry veterans

India's maritime sector eyes growth with ₹80,000 lakh crore plan, focusing on ports, coastal shipping, logistics, and tech adoption to strengthen trade and blue economy

We're creating a system for shipbuilding in India, says Sarbananda Sonowal

First phase [of Vadhavan port] is expected to be completed by 2029 and second by 2037, says Sonowal

BS Infra Summit: From power to ports, making of Indian infrastructure

India's infrastructure story shines at BS Summit 2025, with leaders charting bold visions in roads, ports, energy, and aviation to power Viksit Bharat 2047

BS Infra Summit: Shipbuilding and logistics to anchor India's maritime map

Maritime sector weathers global uncertainties despite disrupted demand

Gadkari, Sonowal unveil road map for next phase of infrastructure growth

At the Business Standard Infrastructure Summit 2025, Gadkari and Sonowal outlined the government's plan for mega investments in roads, shipping, ports and alternative fuels

Global challenges disrupting demand in maritime sector: Experts at BS Infra

Captain Amit Singh of Mitsui OSK Lines and Kapil Mahajan, global chief information and technology officer, Allcargo Logistics, discussed how the global challenges are impacting the maritime sector

India, US meet on maritime diplomacy ahead of crucial net-zero vote

India's Directorate General of Shipping meets a US delegation to advance maritime talks on green shipping and security, with no discussion on the US threat over the IMO's net-zero emissions vote

Govt raises Maritime Development Fund to ₹70,000 cr to spur shipbuilding

Centre raises Maritime Development Fund to ₹70,000 crore to boost shipbuilding, repair, shipping tonnage, and port infrastructure; Cabinet approval awaited

India, UAE pledge stronger defence ties, ink MoU on maritime cooperation

Both sides expressed satisfaction over the steady progress in bilateral defence engagements and agreed to enhance cooperation in key areas

Maritime incidents involving India and its seafarers rose 22% in 2024

According to India's shipping regulator Directorate General (DG) of Shipping, the incidents resulted in 83 deaths and 61 injuries