Sunday, July 6, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects Infrastructure

Sonowal calls for a vibrant and strong maritime industry

Fiinews by Fiinews
August 31, 2021
in Infrastructure, Investment, Manufacturing, Projects
Reading Time: 3 mins read
A A
0
DP World
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Government focuses on shipbuilding and ship repair market

India is on the cusp of major maritime revolution and requires a vibrant and strong maritime industry for both economic and strategic reasons, Sarbananda Sonowal, Minister of Ports, Shipping and Waterways, has told an industry conclave.

“The goals set to achieve in the ‘Maritime India Vision 2030’ will help accelerate the growth of the sector and aspire to bring the Indian maritime industry at par with the top global benchmark in the next 10 years,” he said at the Indian Ports & Logistics Conclave ‘Developing Ports for the Future: New India@75’, which was organized by FICCI on 27 Aug 2021.

Sonowal added, “Port development in India is guided by the flagship Sagarmala program and the Maritime India Vision 2030.”

Stressing upon the importance of reducing logistic cost in the country, he highlighted that the recently passed Inland vessel Act, 2021, will usher a new era in the inland water transport sector to make the legislative framework user friendly and promote ease of doing business.

Sonowal stated that the government is also focusing on the domestic shipbuilding and ship repair market. “To encourage domestic shipbuilding, the Shipbuilding Financial Assistance Policy for Indian Shipyards has been approved.”

The Ministry, he pointed out, has achieved significant progress through port-led development, policy initiatives, provision of multi-modal services for logistic movement through inland waterways, ease of doing business, improving ship building and recycling techniques and measures to facilitate flagging of vessel in India.

“Consistent efforts have been put towards development of a robust and sustainable infrastructure for facilitating transformation of the sector into an engine of growth for India,” Sonowal underlined.

Dr Sanjeev Ranjan, Secretary, Ministry of Ports, Shipping and Waterways, elaborated on the Maritime India Vision 2030, saying that the government is working towards positioning the Indian maritime sector at par with international standards by attracting domestic as well as international investments.

Talking about the recently launched National Monetization Pipeline (MNP), Dr Ranjan explained that the government’s move to monetize shipping assets worth approximately Rs12,000 crore through NMP will open new range of opportunities and will help in promoting Atmanirbhar Bharat.

Rizwan Soomar, CEO and MD (Indian Subcontinent), DP World, highlighted the role of ports and logistics sector in shaping the future of the Indian economy.

Dhruv K. Kotak, Managing Director, JM BAXI, applauded the ministry for their path breaking initiatives which will transform the Indian Maritime sector. He highlighted the importance of moving towards IT enabled infrastructure for benchmarking Indian Ports with global standards.

FICCI Secretary General Dilip Chenoy welcomed the Minister’s first ever interaction with the industry members, and assured the commitment of FICCI and its members towards achieving the government’s vision of developing world class ports.

The program was attended by Chairmen of major ports and stalwarts from industry including DP World, Adani Ports, Essar Ports, JSW Group, JM BAXI, Indian National Shipowners’ Association, CISCO, APM Terminals Pipavav, Association of Multimodal Transport Operators of India, CJ Darcl Logistics Ltd, Damen Shipyards Gorinchem B.V., Larsen & Toubro Limited, Steel Authority of India, Indian Oil Corporation Ltd, TCI Seaways, Petronet LNG Limited, Aegis Logistics Ltd, amongst others. #investment #infrastructure #maritime #manufacturing #ports /fiinews.com

Tags: FICCI
ShareTweetShare

Related Posts

FICCI
Manufacturing

Manufacturing: Framework on Drones by Sep-Oct

by Fiinews
July 6, 2025
0
15

Lt Gen Singh urged industry to invest more on component level R&D Lt Gen Rahul R Singh, Deputy Chief of...

Amet
Projects

Project: Joint maritime professionals launched

by Fiinews
July 6, 2025
0
17

Harassment issues at sea discussed at Chennai summit An MoU between AMET University and Arizona State University has been launched...

Pm Modi Port Of Spain

Projects: PM discuss potential collaboration in T&T

July 6, 2025
14
IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
Air Liquide

Manufacturing: Air Liquide builds ASU-CFS

July 5, 2025
13
Logisticsuav Flying Dassault Systemes

Project: Raphe mPhibr adopts French platform tech

July 5, 2025
11
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: India to ship non-GMO soybean to EU
  • Tender: Take care of new urban development
  • Manufacturing: Framework on Drones by Sep-Oct
  • Project: Joint maritime professionals launched
  • Market: Daimler bullish on construction sector

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.