India’s ambitious Sagarmala Project is significantly transforming the country’s maritime trade landscape by modernizing ports, improving cargo capacity, and strengthening coastal shipping networks. The government has completed multiple infrastructure projects under the initiative, boosting efficiency, reducing logistics costs, and enhancing India’s global trade competitiveness. Union Minister of Ports, Shipping and…
Tag: #SagarmalaProject
News
Indian Railways Crosses 1 Billion Tonne Freight
Lead: Indian Railways has crossed the 1-billion-tonne freight loading mark in the current financial year, recording 1,020 million tonnes (MT) of cumulative loading as of 19 November. The milestone — fuelled by strong coal, iron ore, cement and container traffic — underscores rail freight’s growing role in India’s logistics and…
News
SMFCL OKs ₹25,000 Cr Borrowing to Boost Maritime Growth
Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, has approved an overall borrowing limit of ₹25,000 crore to finance an ambitious pipeline of maritime infrastructure projects, with ₹8,000 crore earmarked for the current financial year. Borrowing blueprint to unlock maritime investment The…