India’s shipping ministry suggested constructing a seaport next to Bharat Petroleum Corp’s planned refinery in Andhra Pradesh to cut costs. The refinery could act as a key customer for the port. Andhra Pradesh proposed offering land at Machilipatnam, Ramayapatnam, or Mulapeta for the complex.
Shipping ministry offers to build Port in Andhra Pradesh alongside planned refinery
The government is readying a scheme to incentivise parcel movement on the Ganga, Brahmaputra and Barak rivers in the first phase. A discount of up to 35% on the invoice value for transporting goods is expected to be offered by a subsidiary of state-run Shipping Corporation of India, with the government reimbursing the company for […]
India-Australia to strengthen maritime ecology pillar of the Indo-Pacific Ocean Initiative
1 year ago
The 6th India-Australia Maritime Security Dialogue in Canberra focused on maintaining a safe maritime environment and collaboration in the Indo-Pacific Ocean Initiative. Delegations led by Muanpuii Saiawi and Sarah Storey discussed topics like maritime security, HADR coordination, and sustainable marine resource use. They also explored enhancing bilateral cooperation in areas such as Search and Rescue, […]
India’s seafaring industry has grown significantly, with the country now the fifth largest supplier of seafarers worldwide. Despite the growth, challenges such as visa requirements and fraudulent agents remain. Enhanced training and government support are key for India to become the top seafaring nation.
For a larger slice of global pie, India seeks anchor role to turn local shipbuilding tide
1 year ago
The government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies over 10 years. The policy aimed to enhance the Indian shipbuilding sector by linking recycling benefits with domestic ship construction. The plan included creating maritime clusters in Andhra Pradesh, Gujarat, and Odisha.
Saugata Roy (TMC) opposed the introduction of the bill saying that the Indian Carriage of Goods by Sea Act, 1925, has been serving its purpose for the past 100 years and The Carriage of Goods by Sea Bill, 2024, only has some minor amendments. “This superfluous legislation should be done away with, it does not […]
The Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024, were introduced in the Lok Sabha to modernize maritime cargo laws and bills of lading handling. The bills aim to align Indian regulations with international standards and ensure uniformity. Key changes include updated legal frameworks and transferring rights and liabilities […]
The Indian government is exploring financial support for local shipping container production to address a shortage and rising costs exacerbated by the COVID-19 pandemic. A potential viability gap funding (VGF) scheme is under consideration, alongside direct subsidies. The initiative aims to protect exporters and importers from container shortages and price spikes caused by geopolitical conflicts […]
The Ministry of Ports, Shipping and Waterways (MoPSW) is developing a shipbuilding scheme to incentivize Indian shipyards until 2035. Ports Secretary T.K. Ramachandran aims for India to rank among the top 10 shipbuilding nations by 2030 and the top five by 2047, from 22nd currently. The policy includes financial assistance for green shipping initiatives.
London-headquartered Actis and Mahindra Lifespaces have formed a joint venture, Ample Parks, to develop over 16-17 million sq ft of industrial and logistics real estate across India. The venture plans to acquire 700-750 acres of land for 15-17 parks, with the first project in Chennai investing Rs 800 crore.