Tuticorin Port signs investment proposals worth over 1 lakh crore

V.O. Chidambaranar Port Authority has signed 28 agreements for green energy projects. These pacts represent an investment exceeding Rs 1.27 lakh crore. Major MoUs include a common storage farm for green ammonia and a green ammonia production facility. These initiatives aim to establish the port as a future green hydrogen hub for southern India.

In a significant move towards enhancing India’s maritime capabilities, state-owned BEML is joining forces with the Dredging Corporation of India. Together, they will innovate and create advanced dredgers, with a deal valued at around Rs 350 crore that includes a commitment to supply essential spare parts.

Cochin Shipyard is set to invest ₹6,000 crore over the next five to six years. Funding will come from government schemes, multilateral loans, blue bonds, and internal accruals. This investment will support shipbuilding, ship repair, and other ventures. New contracts and a strong order pipeline are driving this expansion. The company is also exploring a […]

India’s maritime sector holds the key to becoming a developed nation by 2047. Labour and Employment Minister Mansukh Mandaviya highlighted its potential for job creation and trade growth. He noted that 95 percent of India’s trade by volume moves by sea. The government is actively building an ecosystem for shipbuilding to revive India’s historical maritime […]

Cyprus offers to be India’s shipping partner in the Mediterranean. The nation is keen to join India-Middle East-Europe Economic Corridor projects. Cyprus boasts a large shipping fleet and a ‘One Stop Shipping Centre’. Its geostrategic location and energy sector growth attract global interest. India can leverage these advantages for mutual benefit.

India Maritime Week 2025 has secured investment pledges totaling ₹12 lakh crore. A significant portion, nearly 20%, is earmarked for shipbuilding. This development supports India’s ambition to become a top global shipbuilding nation by 2047. These investments will boost port development, sustainability, and industrialization. Major players like DP World and Cochin Shipyard are part of […]

India will focus on the blue economy and sustainable coastal development for the next 25 years. Prime Minister Narendra Modi highlighted plans for green logistics, port connectivity, and shipbuilding. Indian ports are now among the most efficient globally. Reduced turnaround and dwell times are making them more attractive for international shipping. India aims to strengthen […]

Indian shipbuilders are boosting local component sourcing. This aligns with the government’s ‘Make in India’ initiative for the maritime sector. Companies like Goa Shipyard and Mazagon Dock Shipbuilders aim for high localization. This strategy supports a significant package for the shipping industry. The focus is on strengthening domestic manufacturing capabilities for naval vessels and commercial […]

Syama Prasad Mookerjee Port, Kolkata announced securing over Rs 48,000 crore in strategic investment partnerships. MoUs were signed during India Maritime Week-2025 in Mumbai. Agreements cover dredging, POL handling, and new container terminals. Partnerships also include cement bulk-terminal and river-front development projects. These collaborations aim to transform the port and enhance trade capacity.

A Memorandum of Understanding (MoU) for a capital investment of Rs 17 thousand crores was signed by Gujarat Maritime Board and Gujarat Pipavav Port Limited (APM Terminals) in Gandhinagar on Wednesday in the inspiring presence of Chief Minister Patel and AP Moller-Maersk Board Chairman Robert Maersk Ugla.