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…