The UK-India partnership will explore avenues for innovation and capacity building in sectors such as green finance, electric vehicles, and climate-resilient infrastructure.
The UAE's ambassador to India, Dr. Abdulnasser Alshaali, and the Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, recently spoke about possible new avenues for their countries' maritime cooperation.
The new port will cater to a wide range of cargo, including containers, liquid bulk, and general cargo, further diversifying India’s trade portfolio.
The IES offers a subsidy of 3% to Micro, Small, and Medium Enterprises (MSMEs) and 2% to other eligible exporters on interest rates for loans.
Authorities think the road corridor model will help close the infrastructure gap between rural and urban areas in addition to enhancing domestic connectivity.
The Nhava Sheva Distribution Terminal is a critical hub for India’s trade with global markets, and the addition of this new warehouse is expected to significantly boost the port’s handling capacity.
The mechanization process involves upgrading the port’s infrastructure with state-of-the-art equipment, including modern cranes and automated cargo handling systems.
Bangladeshi and Indian officials have expressed relief and optimism about the resumption, emphasizing its importance for maintaining strong trade relations.
Port officials attribute the growth to ongoing modernization projects, including the expansion of berthing facilities and the introduction of state-of-the-art handling equipment, which have streamlined operations and reduced turnaround times.
Key areas of discussion included investments in renewable energy, digital technology, and advanced manufacturing, sectors that are pivotal to India’s growth trajectory.
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