Union Minister Sonowal reviews progress of Northeast’s first ship repair facility

Union Minister Sarbananda Sonowal reviewed projects at Pandu Port Complex, including the region’s first ship repair facility and an elevated road corridor. The government is investing Rs 645 crores in developing infrastructure along the Brahmaputra. These projects aim to boost river tourism, public transportation, and cargo movement in Northeast India.

Transport Corporation of India’s supply chain solutions segment is expected to surpass freight as its main revenue stream by FY26, driven by a 10-15% annual growth rate in warehousing and automotive logistics. The company has allocated Rs 350 crore in CapEx, focusing on new ships, warehousing, and fleet expansion.

TVS Industrial & Logistics Parks will invest Rs 200 crore to set up a new facility in Pithampur, Madhya Pradesh. The 20-acre logistics park, located near Indore, aims to cater to the region’s demand for quality warehousing. This project is expected to generate employment for over 1,000 people and improve logistics efficiency.

The two-day Offer for Sale (OFS) by Cochin Shipyard Limited (CSL) attracted strong interest, particularly from retail investors. The government divested 5 percent of its stake, including a green shoe option. The enthusiastic response from both non-retail and retail investors underscored confidence in CSL’s future prospects and contributed to the government’s divestment goals.

Cargo volume at 12 major ports in India increased by 5.03 percent to 413.747 million metric tonnes in September. The Ministry of Ports, Shipping and Waterways held a meeting to discuss a State Ranking Framework and Port Ranking System. Several issues were resolved and new challenges like Places of Refuge for distressed ships and Radioactive […]

Under the new bill, Indian ships will not require separate licences. It will be presumed that they have got approvals when the vessel is registered, Kumar said. It is expected that these changes will enable concerted regulation of trade activities, particularly by foreign flag vessels in India’s coastal waters, including in the country’s exclusive economic […]

State government-controlled ports in India plan to invest over Rs 2 lakh crore to expand cargo handling capacity to 10,000 million tonnes annually by 2047. Gujarat aims to develop integrated port cities with Rs 1.5 lakh crore, while Andhra Pradesh plans Rs 50,000 crore investment by 2050, enhancing their existing and new port infrastructure.

India is set to offer nearly $2 billion in incentives to replace diesel-powered inland vessels with cleaner alternatives. The plan aims to cut emissions by one million tons annually, targeting half the fleet to be eco-friendly by 2030, with a full transition by 2045.

Government officials and industry stakeholders addressed liquidity challenges, taxation issues for Indian seafarers, and the need to shift commodity import contracts from CIF to FOB to boost the shipping sector. The discussions aim to increase India’s share in international trade amid rising shipping costs and export slowdowns.

Jawaharlal Nehru Port reported a 16.49% increase in container traffic with 596,790 TEUs handled in September 2024, compared to the previous year’s 512,316 TEUs. Total port traffic rose 6.14% to 7.38 million tons. The port attributes its consistent growth to efficient terminal operations aligned with international standards.