Sarbananda Sonowal introduces two shipping-related bills in LS

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.

Plans for a Rs 41,000-crore transhipment port at Great Nicobar Island are set, with implementation starting soon. The project, receiving environmental clearances, involves public-private investments to achieve a capacity of 16 million containers annually. The first phase, costing Rs 18,000 crore, aims for completion by 2028. Additional infrastructure like an airport and power plant is […]

India’s maritime trade is not facing a container shortage, with the government tackling disruptions post-Red Sea crisis, according to Union Minister Sarbananda Sonowal. Due to ships diverting around the Cape of Good Hope instead of the Suez Canal, a times have increased by 35-40 percent, causing vessel congestion and delays at global ports. Efforts are […]

“The government is unlikely to push Concor’s strategic sale. There are some concerns from Railways Ministry as also investors,” the official said.

DTDC Express partnered with Skye Air Mobility to launch last-mile drone-based deliveries. It started with a successful 7.5 km delivery from Bilaspur to Gurgaon sector 92. CEO Abhishek Chakraborty highlighted the milestone partnership’s role in reshaping last-mile logistics amid digitalisation and changing consumer behaviors. The eco-friendly drone delivery aims to reduce carbon emissions and traffic […]

The Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, approved a significant project for the Jawaharlal Nehru Port Authority (JNPA) valued at Rs. 284.19 crore. This project aims to develop an Export-Import cum Domestic Agricultural Commodity-Based Processing and Storage Facility at JNPA, to be executed on a Public-Private Partnership (PPP) model.