Latest news with #MIV2030
Times of Oman
4 days ago
- Business
- Times of Oman
India now ranks 3rd in building general dry cargo vessels for European short sea trade: Sonowal
New Delhi: India now ranks 3rd in building general dry cargo vessels for the European short sea trade, Union Minister for Ports and Shipping Sarbananda Sonowal announced on Thursday, quoting private data. The minister attributed this feat to Prime Minister Narendra Modi's "bold Maritime Amrit Kaal Vision 2047". "India's shipbuilding ambitions are no longer just on paper, they are taking shape in shipyards and recognised globally," the minister wrote on X, attaching an infographic of rankings. From strategic reforms to skilling our workforce, every step taken by the Modi Govt is making Make in India, Make for the World a reality. Our rise proves, India means business and the world knows it," the minister supplemented in his X post. The Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India's maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime leadership. Its 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime nation. The status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below: Major Port Capacity increased from 1598 MMTPA in Financial Year 2022 to 1630 MMTPA in Financial Year 2024. Overall, Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year 2024. Ship Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year 2024. Over the past three years, there has been a 37% increase in the Capital Expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54 per cent increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV 2030. In the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency.
India Gazette
4 days ago
- Business
- India Gazette
India now ranks 3rd in building general dry cargo vessels for European short sea trade: Sonowal
New Delhi [India], June 5 (ANI): India now ranks 3rd in building general dry cargo vessels for the European short sea trade, Union Minister for Ports and Shipping Sarbananda Sonowal announced on Thursday, quoting private data. The minister attributed this feat to Prime Minister Narendra Modi's 'bold Maritime Amrit Kaal Vision 2047'. 'India's shipbuilding ambitions are no longer just on paper, they are taking shape in shipyards and recognised globally,' the minister wrote on X, attaching an infographic of rankings. From strategic reforms to skilling our workforce, every step taken by the Modi Govt is making Make in India, Make for the World a reality. Our rise proves, India means business and the world knows it,' the minister supplemented in his X post. The Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India's maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime leadership. Its 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime nation. The status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below: Major Port Capacity increased from 1598 MMTPA in Financial Year 2022 to 1630 MMTPA in Financial Year 2024. Overall, Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year 2024. Ship Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year 2024. Over the past three years, there has been a 37% increase in the Capital Expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54 per cent increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV 2030. In the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency. (ANI)
Time of India
4 days ago
- Business
- Time of India
India now ranks third in building general dry cargo vessels for European short sea trade: Sarbananda Sonowal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India now ranks 3rd in building general dry cargo vessels for the European short sea trade , Union Minister for Ports and Shipping Sarbananda Sonowal announced on Thursday, quoting private minister attributed this feat to Prime Minister Narendra Modi's "bold Maritime Amrit Kaal Vision 2047"."India's shipbuilding ambitions are no longer just on paper, they are taking shape in shipyards and recognised globally," the minister wrote on X, attaching an infographic of strategic reforms to skilling our workforce, every step taken by the Modi Govt is making Make in India, Make for the World a reality. Our rise proves, India means business and the world knows it," the minister supplemented in his X Maritime India Vision (MIV) 2030 provides a comprehensive framework for the holistic development of India's maritime sector, encompassing ports, shipping, and waterways. MIV 2030 outlines 150 initiatives aimed at propelling India to global maritime 10 interconnected themes such as port infrastructure development, enhancing logistics efficiency, improving Indian shipbuilding tonnage, increasing coastal and waterway traffic, fostering technology innovation and policy support, promoting sustainability and global collaboration, address every facet of the maritime ecosystem, ensuring a well-rounded approach to transforming India into a leading maritime status of MIV 2030 gets reflected through the progress made by the Indian Maritime sector over the past 3 years as outlined below:Major Port Capacity increased from 1598 MMTPA in Financial Year 2022 to 1630 MMTPA in Financial Year Vessel Turn Around Time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year Berth Day Output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year the past three years, there has been a 37% increase in the Capital Expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs. 5527 crore in Financial Year 2022) by Ministry of Ports, Shipping and Waterways including a 54 per cent increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022) which is primarily towards the achievements of goals and targets outlined under MIV the past 3 years, around 75 port development projects have been awarded in Major Ports which includes projects for enhancement of cargo handling capacity and operational efficiency.
Hans India
13-05-2025
- Business
- Hans India
MoPSW secretary visits Vizag port, unveils projects
Visakhapatnam: Secretary of Ministry of Ports, Shipping and Waterways (MoPSW) Government of India T K Ramachandran inaugurated the south-side Park of AOB, Visakhapatnam boardroom and Manthan hall. Visiting various areas of Visakhapatnam Port Authority (VPA), the secretary of MoPSW reviewed the port operations and held a meeting with regard to proposal of setting up of Dugarajapatnam Port by the state government, utilisation of salt land and port-led industries at Mulapeta Port and also inaugurated dash board of e-measurement book and coffee table book of the port. Later, the secretary of MoPSW held an interactive meeting with the stakeholders/PPP operators. The Trade represented specific issues such as land lease for storage and recommendations. He instructed the stakeholders to consider relevant initiatives under the MIV 2030 and MAKV 2047 programmes. Further, visiting Dredging Corporation of India, Ramachandran stressed the need for the corporation to focus on strategic initiatives aimed at enhancing productivity and competitiveness in the current market environment. Chairperson of Visakhapatnam Port Authority (VPA) and chairman of DCIL M. Angamuthu briefed the secretary on the Corporation's ongoing strategic initiatives and its pivotal role in supporting maritime trade by ensuring navigability at major Indian ports. Managing director and CEO Durgesh Kumar Dubey provided an overview of the organisation's ongoing projects and financial performance. Also, the secretary of MoPSW visited Hindustan Shipyard Limited and Centre for Excellence in Maritime and Shipbuilding, reviewed training programmes on the job training imparted by the CEMS to the unemployed youth and lauded the efforts of the VPA for funding them for skill development. PSL Swami, Chief Vigilance Officer, T Venu Gopal, secretary, VPA, along with heads of departments and senior officers of the port were present.
