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…
Tag: #ShipbuildingIndia
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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…
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INS Vikrant, INS Udaygiri Shine at Sri Lanka IFR 2025
India’s first indigenous aircraft carrier INS Vikrant, accompanied by the indigenously built frigate INS Udaygiri, is representing the Indian Navy at the International Fleet Review (IFR) 2025 hosted by the Sri Lanka Navy in Colombo from 27 to 29 November 2025. The event is a highlight of the Sri Lanka…
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Piyush Goyal Urges Steel Industry to Boost Self-Reliance
Union Minister of Commerce and Industry, Shri Piyush Goyal, has urged India’s steel sector to embrace self-reliance and adopt a Swadeshi ethos during the 6th ISA Steel Conclave. Highlighting the strategic importance of steel as the backbone of India’s growth, he called on the industry to reduce import dependence, strengthen…