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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Sonowal Launches ₹1,500 Cr Projects at VOC Port
Tuticorin, February 23, 2026: Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Sunday inaugurated and laid the foundation stone for projects worth over ₹1,500 crore at V.O. Chidambaranar Port Authority (VOC Port), marking a major step toward green energy integration, digital transformation and infrastructure expansion. Major Infrastructure and…
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Paradip Port Drives Odisha Growth With Record Cargo
Paradip, Odisha: Paradip Port Authority has emerged as a cornerstone of Odisha’s ambitious economic transformation, achieving record cargo handling while unveiling major expansion plans that position the port as a future global maritime gateway. The port’s operational strength and strategic vision are set to play a crucial role in driving…
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India, Seychelles Deepen Maritime, Blue Economy Ties in Mumbai
India and Seychelles took a significant step towards strengthening maritime cooperation and blue economy engagement during a high-level Indo-Seychelles Business Roundtable held in Mumbai. The dialogue brought together political leadership, policymakers and business representatives to explore opportunities in maritime trade, sustainable ocean-based industries and long-term economic collaboration in the Indian…
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India’s First Maritime NBFC SMFCL Begins Lending with ₹4,300 Cr
Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company exclusively focused on the maritime sector, has formally commenced its lending operations, marking a significant milestone in the country’s evolving maritime finance ecosystem. The corporation approved loan sanctions of approximately ₹4,300 crore at its 51st Board Meeting held on December…