The Maharashtra government is partnering with Finland to modernize Mumbai’s historic Sassoon Dock using technology-driven solutions. The project aims to address operational challenges, environmental concerns, and hygiene issues at the busy fishing harbor. The modernization will introduce modular infrastructure and advanced fishing methods to improve efficiency, sustainability, and fishermen’s earnings.
Maharashtra govt teams up with Finland to modernise Mumbai’s historic Sassoon Dock
Adani Group and partners will double the Colombo terminal capacity. The project is ahead of schedule, despite losing US funding. The terminal is strategically important for India and China. The first phase is complete and the second phase will finish by late 2026. Adani withdrew a funding request from the US.
India & Eurasia to launch FTA talks
2 months ago
In August, India and the EAEU comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and the Russian Federation signed the terms of reference to launch negotiations for FTA. With a combined GDP of $6.5 trillion, the proposed FTA is expected to expand market access for Indian exporters.
The European Commission and the High Representative adopted a Joint Communication outlining a ‘New Strategic EU-India Agenda’, marking a significant milestone in the India-EU relations, according to an official EU statement.
Commerce and industry minister Piyush Goyal will visit the United Arab Emirates from September 18–19 to review progress on bilateral trade and investment initiatives, the government said on Wednesday. Goyal will co-chair the 13th India-UAE High Level Task Force on Investments with Sheikh Hamed bin Zayed Al Nahyan, managing director of the Abu Dhabi Investment […]
The Prime Minister’s Office is engaging with corporations to mitigate the impact of US tariffs. Shaktikanta Das met with company executives to discuss reforms for economic growth. The government is forming a panel to streamline tax and export processes. India and the US are negotiating a trade deal. Talks between the two countries are positive.
With the India-EFTA partnership set to begin this October, India anticipates around USD 100 million in investments over the next 15 years. India and Norway are collaborating on environmental initiatives, including preventing pollution, with USD 7.5 million spent on joint projects in 2023.
Transshipment giant PSA eyes expansion
2 months ago
PSA International aims to broaden its footprint in India by venturing into warehousing and forging alliances for inland container management. The company is actively eyeing opportunities at the upcoming Vadhavan port in Maharashtra.
Adani Ports plans a ₹30,000 crore expansion over two years, primarily targeting Mundra, Dhamra, and Vizhinjam ports to achieve a one billion tonne cargo handling target by 2030. The investment spans ports, logistics, renewables, and marine services, with a focus on berth and terminal expansion.
India’s maritime sector is poised for significant growth, with projected investments of Rs 80 lakh crore and the creation of 1.5 crore jobs. The Sagarmala program, with 840 projects underway, is driving this transformation. Key initiatives, including the Vadhavan Port and improvements in port turnaround times, are positioning India as a global maritime leader, with […]