India-Middle East-Europe economic corridor to boost maritime security, Says Piyush Goyal
The Middle East, Europe, and India are expected to be better-connected thanks to the groundbreaking India-Middle East-Europe Economic Corridor (IMEEC)
India’s maritime sector
Stay updated with the latest news and articles about India’s maritime sector.
Latest Articles
Union Minister Sarbananda Sonowal approves wage structure revision for major port workers
The wage revision, which had been under discussion for several months, will affect workers across 12 major ports in India, including Mumbai, Chennai, and Kolkata. The new wage structure is expected to bring substantial financial relief to port workers, whose demands for better compensation have gained momentum amid rising living costs and inflation.
Indian government establishes NBFC to boost maritime infrastructure under Sagarmala project
The NBFC, launched by the Ministry of Ports, Shipping, and Waterways, will play a pivotal role in channelling funds to key projects under the Sagarmala initiative, which aims to reduce logistics costs, enhance port connectivity, and promote sustainable development along India’s extensive coastline.
New funding avenues emerge for India’s shipbuilding and shipping sectors
Industry experts have welcomed these initiatives, noting that they could significantly enhance the capacity and competitiveness of India’s maritime sector.
Swiss auction of Indira container terminal fails to attract bidders
The Indira Container Terminal, a key asset in Mumbai’s port infrastructure, has been plagued by operational challenges and financial difficulties, which may have contributed to the lack of interest in the auction.
Kerala government proposes multi-purpose berth for Ponnani Port under Sagarmala scheme
The proposed multi-purpose berth will be designed to accommodate various types of cargo, including bulk, general, and containerized goods. This development aligns with the Sagarmala project's objective of modernizing and expanding India's port infrastructure to improve connectivity, efficiency, and trade competitiveness.