In a decisive push towards Atmanirbhar Bharat in maritime trade, the Union government has initiated the creation of Bharat Container Line, a new domestic container shipping company aimed at reducing India’s overwhelming dependence on foreign shipping firms. The initiative brings together government-owned Shipping Corporation of India (SCI), Container Corporation of…
Tag: #SagarmalaFinance
News
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…