Three major ports recognised as Green Hydrogen Hubs

Three major Indian port authorities – Deendayal, V.O. Chidambaranar, and Paradip – have been formally recognized as Green Hydrogen Hubs. This initiative aligns with the nation’s net-zero goals by 2070, fostering industrial participation and investment in clean fuel technologies through a cluster-based development model.

The Indian government is set to boost the Shipping Corporation of India. Plans include capital infusion for fleet expansion and forming joint ventures with oil and dry bulk companies. This move aims to meet the nation’s growing export-import shipping needs. New medium-range product tankers will be procured.

India’s first Very Large Gas Carrier (VLGC), ‘Shivalik’, made its maiden call at Visakhapatnam Port, receiving a ceremonial welcome from Union Minister Sarbananda Sonowal. This induction under the Indian flag signifies a major step towards self-reliance in maritime and energy logistics, aligning with the Atmanirbhar Bharat and Maritime India Vision 2030.

Mahindra Logistics is executing a financial turnaround by optimizing assets, rationalizing 1.5 million sq ft of unused warehouse space, and expanding into new segments. The company is piloting a premium B2C mobility service, strengthening Rivigo express logistics, and saw strong festive season volumes, supported by a recent successful rights issue.

The Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repatriation period for foreign currency accounts. It also increased the forex outlay period for trade transactions. Compliance for small exporters and importers saw simplification. These measures aim to improve business operations.

The government actively explores tax and policy changes for India’s maritime sector. A ₹70,000 crore plan will transform shipbuilding into a global powerhouse. This initiative aims to increase Indian-owned vessels for cargo transport. It seeks to attract international firms and technology transfer. Port capacity will also expand significantly by 2030.

Union Minister Sarbananda Sonowal announced a National Shipbuilding Mission to save Rs 4.50 lakh crore annually in freight charges and create 25-30 lakh jobs. This initiative, part of a Rs 70,000 crore three-pronged strategy, includes a new India Ship Technology Centre to boost the nation’s maritime sector and self-reliance.

India aims to boost shipbuilding. A 70,000-crore package supports domestic shipyards. This initiative seeks to replicate Maruti Suzuki’s past success. Foreign shipbuilders from Korea and Japan are invited to establish operations. India currently depends on foreign vessels for trade. This plan addresses maritime security and economic resilience. Assured orders from public sector units are needed […]

Samsung Heavy Industries has partnered with India’s largest shipyard, Swan Defense and Heavy Industries, to enter the Indian shipbuilding market. This collaboration supports India’s initiative to become a top shipbuilding nation by 2047, leveraging SHI’s expertise and India’s growing maritime sector, bolstered by significant financial incentives.

DP World inaugurated a warehousing facility in Kochi for Mondelez India, enhancing the multinational’s supply chain and distribution in Kerala. The facility offers over 4,000 pallet positions for both dry goods and ambient storage. This integrated solution streamlines operations, reduces lead times, and ensures consistent service quality, strengthening DP World’s warehousing network across India.