MARITIME INDIA VISION 2030
Government to soon come out with a new shipbuilding, repair policy
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India's shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels in cargo transport, and seize a significant market opportunity by 2047.
Indian Navy Chief Admiral Dinesh K Tripathi meets Bangladesh Army Chief in Dhaka
Indian Navy Chief Admiral Dinesh K Tripathi is on a four-day official visit to Bangladesh, meeting with top military officials to discuss enhancing defense cooperation and strengthening bilateral ties. The visit focuses on exploring new avenues for naval collaboration between India and Bangladesh.
Bangladesh key part of India's SAGAR doctrine, Indo-Pacific vision: Foreign Secretary Vinay Kwatra
Foreign Secretary Vinay Kwatra has emphasized the significance of Bangladesh in India's strategic plans for regional cooperation and security. He stated that Bangladesh is crucial for India's SAGAR (Security and Growth for All in the Region) doctrine and its vision for the Indo-Pacific region. The renewal of the MoU on maritime cooperation and blue economy aims to develop India's ocean-based blue economy and maritime cooperation.
India, Bangladesh agree to start talks on comprehensive trade pact
India and Bangladesh have agreed to begin negotiations on a comprehensive economic partnership agreement, as Prime Minister Narendra Modi announced after talks with Bangladeshi PM Sheikh Hasina. Modi emphasized that Bangladesh is India's largest development partner and that New Delhi gives top priority to their relationship. The leaders also discussed enhancing defense cooperation, including defense production and modernization, and signed agreements in areas such as the digital domain, maritime sphere, and railway connectivity.
EAM Jaishankar & Sri Lanka President Wickremesinghe formally commission Maritime Rescue Coordination Centre
External Affairs Minister S Jaishankar and Sri Lankan President Ranil Wickremesinghe commissioned the Maritime Rescue Coordination Centre built with a USD 6 million grant from India. Jaishankar discussed bilateral cooperation in various sectors. They unveiled a virtual plaque for the MRCC and housing projects. This the EAM's first overseas visit. He will focus on ongoing Indian projects and arrangements for a potential visit by PM Modi.
Leaders from Maldives, Mauritius, Sri Lanka and more arrive in Delhi for Modi's oath ceremony; Check full list
Dignitaries from various neighbouring nations have converged in Delhi to witness the swearing-in ceremony of Prime Minister-designate Narendra Modi. Among them are prominent figures like Maldives President Mohamed Muizzu, Mauritius Prime Minister Pravind Kumar Jugnauth, and Sri Lankan President Ranil Wickremesinghe, signalling the regional significance of the event.
Cairn Oil & Gas targets net zero by 2030
Cairn Oil & Gas, part of Vedanta Group, aims to achieve net zero by 2030 through renewable energy initiatives like sourcing 70 MW of renewable energy and installing solar rooftops in Rajasthan and Gujarat. Moreover, the group also aims to achieve net zero by tree planting.
Port sector urged to decarbonise entire chain of operations
Maharashtra Maritime Board's Chief Port Officer Praveen S Khara said there is a need for these public and private stakeholders to collaborate in decarbonising the entire chain of operations.
Cochin Shipyard gets EUR 60 million order for hybrid SOVs from UK operator
CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels.
Beyond the clutter: India-US ties transcend ongoing differences
India explained why oil imports from Moscow are necessary to preserve global oil market stability, similarly Chabahar deal is also for regional stability which is valued by the US.
Chabahar pact important milestone; to provide connectivity to Afghanistan, Central Asia: PM
PM Narendra Modi highlighted India's milestone Chabahar port contract for Afghan connectivity, promoting regional trade via the International North-South Transport Corridor and India-Middle East-Europe Economic Corridor. The agreement involved IPGL's investments and debt, and the INSTC offers an alternative trade route to Russia, bypassing the Suez Canal.
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
India signs deal with Iran to run Chabahar port
At the end of the 10-year period, both sides will extend their cooperation in Chabahar. IPGL will invest about $120 million in equipping the port, officials said. India has also offered a rupee credit window equivalent to $250 million for mutually identified projects aimed at improving Chabahar-related infrastructure, they said.
Southern India can Lead India's pursuit of 500GW renewable target by 2030: Experts and industry players
Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure.
An Adani project will put India on global maritime map
India's ambition to be a manufacturing powerhouse got a boost with Adani Group's Vizhinjam Port in Kerala getting approval to operate as India's first transshipment port. The port's strategic location between the Suez Canal and the Strait of Malacca will enhance India's global sea trade presence, attracting ultra-large container vessels and boosting container traffic.
Numaligarh Refinery Limited achieves milestone with longest HDD for crude oil pipeline in Assam's Subansiri River
Assam-based Numaligarh Refinery Limited (NRL) is executing the Numaligarh Refinery Expansion Project (NREP), which includes laying a cross country pipeline from Paradip Port to Numaligarh. The project faces challenges at Subansiri River and aims to be completed by mid-2025.
PM Modi describes UPI as ‘Uniting partners with India’ as UPI services launched in Sri Lanka & Mauritius
India extends its Unified Payment Interface (UPI) and RuPay card services to Sri Lanka and Mauritius, showcasing its leadership in the Indian Ocean Region. Prime Minister Narendra Modi emphasized the modern digital connectivity's significance in strengthening historical relations. Highlighting India's "neighbourhood first" policy and maritime vision "SAGAR," Modi emphasized peace, security, and development. The move aims to boost tourism and deepen economic ties, reflecting success in Global South cooperation. This expansion benefits Indian nationals traveling to Sri Lanka and Mauritius and vice versa, enhancing financial connectivity and people-to-people linkages.
India eyes moving e-commerce cargo through Ganga river
India is establishing a route on the Ganga river for transporting e-commerce cargo through National Waterway 1. A partnership between the Inland Waterways Authority of India (IWAI) and Amazon Seller Services aims to leverage water transport's efficiency, sustainability, and economic benefits. The initiative seeks to optimize logistics, reduce environmental impact, and promote economic development.
Rs 10lk cr investments promised at Global Maritime India Summit
Investments to the tune of Rs 10 lakh crore were anchored during the three-day Global Maritime India Summit, 2023, which concluded on Thursday.
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