Latest news with #GreenVoyage2050
India Gazette
4 days ago
- Business
- India Gazette
India wants to be competitive alternative in global maritime, with USD 20 billion pledged for shipping infrastructure: Sonowal
Oslo [Norway], June 6 (ANI): India is working to become a credible and competitive alternative destination in the global maritime sector and has committed USD 20 billion for infrastructure development focused on enhancing multimodal logistics, port connectivity, and trade facilitation, said Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways (MoPSW). Delivering a keynote speech at the India country session, India@NorShipping on Thursday, the Union Minister highlighted India's growing maritime capabilities, including a favourable policy-induced investment environment, proven shipbuilding strength, circular economy efforts, and innovative financing plans to accelerate sectoral growth. Speaking on the occasion, Union Minister said, 'These goals envisage India as a modern, self-reliant, inclusive, and globally engaged economy. In this journey, the maritime sector is central--not just as a driver of growth, but as an enabler of resilience, sustainability, and strategic connectivity. 'India has launched wide-ranging efforts to expand port infrastructure, integrate logistics systems, and improve ease of doing business for the private sector. These reforms are already bearing fruit in the form of increased port efficiency, stronger cargo flows, and rising investor confidence,' he said. The Shipping Minister also highlighted strengthening of maritime connectivity and supply chains with strategic corridors like IndiaMiddle East-Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North-South Transport Corridor (INSTC). Adding further, Sarbananda Sonowal said, 'To support these efforts, India has committed USD 20 billion for infrastructure development focused on enhancing multimodal logistics, port connectivity, and trade facilitation. India is working to become a credible and competitive alternative. Through policy incentives, ease of doing business, and infrastructure enhancement, we are laying the foundation for India to emerge as one of the top five shipbuilding nations by 2047.' Emphasising the need for a Green and Sustainable Maritime Future, Sonowal added, 'India is establishing three Green Hydrogen Hub Ports-- Kandla, Tuticorin, and Paradip-- to support the manufacturing of green hydrogen and its derivatives and to pioneer the use of alternative fuels in the maritime domain. We are also proud to lead under the IMO's Green Voyage 2050 initiative, assisting developing countries in their energy transitions.' At a special session titled 'India: The Resurgent Shipbuilding Destination' introduced delegates to India's expanding shipbuilding ecosystem. The session spotlighted India's transition into a global hub for new-age, sustainable vessels, backed by modern infrastructure, scalable capacity, and international collaborations. Emphasis was laid on how India is leveraging its scale advantage and policy reforms to position itself as a shipbuilding powerhouse. Sonowal said that India's maritime digital ecosystem is undergoing a transformation. Initiatives such as ONOP (One NationOne Port Process), National Logistics Portal (Marine) and MAITRI - Virtual Trade Corridor are creating a unified national platform for port services and EXIM trade, he said. He added that the efforts of the government are improving operational transparency, reducing transaction time and building real-time data systems. 'We are also engaging with global partners to establish Virtual Trade Corridors that will digitally connect ports, enabling seamless cargo movement and reducing bottlenecks,' he added. (ANI)
India.com
5 days ago
- Business
- India.com
India Commits $20 Billion For Maritime Infrastructure Development: Sarbananda Sonowal
New Delhi: India has committed $20 billion for infrastructure development focused on enhancing multimodal logistics, port connectivity, and trade facilitation, Union Minister Sarbananda Sonowal said on Thursday. Delivering the keynote speech at the India Country Session in Oslo and highlighted India's growing maritime capabilities, including a favourable policy-induced investment environment, proven shipbuilding strength, circular economy efforts, and innovative financing plans to accelerate sectoral growth, he said: "Under the able and visionary leadership of Prime Minister Narendra Modi, India is moving decisively toward the goals of Viksit Bharat and Atmanirbhar Bharat. These goals envisage India as a modern, self-reliant, inclusive, and globally engaged economy." In this journey, the maritime sector is central - not just as a driver of growth, but as an enabler of resilience, sustainability, and strategic connectivity. "India has launched wide-ranging efforts to expand port infrastructure, integrate logistics systems, and improve ease of doing business for the private sector. These reforms are already bearing fruit in the form of increased port efficiency, stronger cargo flows, and rising investor confidence," he said. The Shipping Minister also highlighted strengthening of maritime connectivity and supply chains with strategic corridors like the India-Middle East-Europe Economic Corridor (IMEEC), the Eastern Maritime Corridor (EMC), and the International North-South Transport Corridor (INSTC). "India is working to become a credible and competitive alternative. Through policy incentives, ease of doing business, and infrastructure enhancement, we are laying the foundation for India to emerge as one of the top five shipbuilding nations by 2047," he said. India is establishing three Green Hydrogen Hub Ports — Kandla, Tuticorin, and Paradip — to support the manufacturing of green hydrogen and its derivatives and to pioneer the use of alternative fuels in the maritime domain. "We are also proud to lead under the IMO's Green Voyage 2050 initiative, assisting developing countries in their energy transitions," he added. India's maritime digital ecosystem is undergoing a transformation. Initiatives such as ONOP (One Nation-One Port Process), National Logistics Portal (Marine), and MAITRI – Virtual Trade Corridor are creating a unified national platform for port services and EXIM trade. "These efforts are improving operational transparency, reducing transaction time and building real-time data systems. We are also engaging with global partners to establish Virtual Trade Corridors that will digitally connect ports, enabling seamless cargo movement and reducing bottlenecks," said the minister.
New Straits Times
03-06-2025
- Business
- New Straits Times
PTP strengthens global ties, powers ahead on green port ambitions
JOHOR BARU: Tanjung Pelepas Port (PTP) is deepening its international partnerships and accelerating its green transformation as it marks 25 years of operations, emerging as one of the world's top five most efficient ports. PTP chief executive officer Mark Hardiman said recent high-level engagements with the Australian government have catalysed deeper bilateral ties, particularly following last year's visit by the Australia-Southeast Asia Business Exchange Trade Delegation. He said the engagement with the Australians, had paved the way for a strategic partnership between PTP and the Melbourne, with both parties poised to sign a memorandum of understanding (MoU) to formalise collaboration in sustainable port operations and digital logistics. "PTP's global outreach reflects our ambition to be not just a trade hub, but a responsible, future-ready port," Hardiman told Business Times. PTP is aggressively advancing its decarbonisation agenda through land and sea-based innovations, which includes asset digitalisation systems, a Vessel Traffic Management System (VTMS), and a switch to renewable energy via rooftop solar, solar farms, and waste-to-energy projects. Hardiman said the port has already slashed its carbon emissions intensity by 18 per cent as of March 2025, and is targeting a 45 per cent reduction by 2030. While, on the fleet side, PTP is transitioning to electric prime movers (e-PMs), and exploring biodiesel B20 use and green vessels aligned with the International Maritime Organisation's Green Voyage 2050 initiative. Significantly, PTP's sustainability push began in 2012, well before the United Nations introduced the Sustainable Development Goals (SDGs) - with the deployment of a full fleet of electric rubber-tyred gantry (e-RTG) cranes. PTP's transformation also rests on social and governance pillars. In line with Malaysia's Ekonomi Madani, it actively promotes gender diversity, employing the country's first female marine harbour pilot, RTG operator, and female prime mover drivers, who now comprise 10 per cent of the fleet. "Our people-first culture is non-negotiable. We are committed to workplace safety, career development, and inclusive growth. "Workplace safety, skills development, and Corporate Social Responsibility engagement also anchor PTP's people-first approach," he said. Governance-wise, the port upholds international standards as a signatory to the United Nations Global Compact, works with the Malaysian Anti-Corruption Commission on ABAC compliance, and commits to labour and human rights protections. Since its establishment in 2000, PTP has grown from a bold idea into a global player. It is now ranked among the Top 15 container ports globally by throughput. "We believe in transforming vision into reality. Our journey has not been easy, but it has made us more resilient. Our growth will continue to be guided by sustainability and innovation," he added.
