Kolkata, February 26: India is on course to emerge as a leading global maritime hub by 2047, with ports already handling nearly 95% of the country’s trade by volume. Union Minister of State for Ports, Shipping and Waterways Shri Shantanu Thakur said the maritime sector will be central to achieving…
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Govt Notifies ₹44,700 Cr Shipbuilding Schemes to Boost Capacity
In a major boost to India’s maritime ambitions, the Ministry of Ports, Shipping and Waterways (MoPSW) has notified operational guidelines for two flagship initiatives aimed at revitalising the domestic shipbuilding ecosystem. With a combined financial outlay of ₹44,700 crore, the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme…
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Revamped Inland Waterways to Power Northeast Growth: Sonowal
Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal said modernised inland waterways are unlocking new trade corridors for the Northeast, reducing logistics costs and expanding petroleum exports from Assam to Bangladesh and Southeast Asia. Speaking at the North East Oil & Gas Conclave 2025, he underlined waterways’ role…