Latest news with #SagarmalaProgramme
India Gazette
8 hours ago
- Business
- India Gazette
"Let creativity guide your innovation": Sarbananda Sonowal tells students at Copenhagen Business School
New Delhi [India], June 7 (ANI): Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal interacted with students of the prestigious Blue MBA Executive Programme at the Copenhagen Business School (CBS) on Saturday. The session spotlighted India's robust economic trajectory, expanding investment opportunities, and the country's efforts to harmonise economic growth with ecological responsibility. Sonowal also became the first Minister from India to visit the prestigious business school. The Minister was joined by a distinguished panel of faculty and maritime experts, including Brian Wessel, Director General of the Danish Maritime Authority; Leif Christensen, Associate Dean, Copenhagen Business School; and Irene Rosberg, Programme Director of the Blue MBA. The Union Minister was accompanied by Manish Prabhat, Ambassador of India to Denmark. Speaking to the Blue MBA cohort, Sonowal outlined India's maritime growth strategy, which is driven by the Sagarmala Programme and the Maritime Amrit Kaal Vision 2047. Both aim to create sustainable infrastructure, multimodal logistics, and a future-ready maritime ecosystem. Sonowal said, 'CBS is a globally respected institution, and the Blue MBA programme in particular stands as a beacon for future-ready leadership in the maritime world. I am especially pleased to be among students whose drive and vision will help shape the course of global shipping in the years ahead. I am eager to interact with you all today and learn more about your experiences, insights, and aspirations. India and Denmark have enjoyed a long and constructive relationship, and our maritime partnership is growing from strength to strength.' 'As coastal nations with rich maritime traditions and deep strategic interests in ocean-based industries, our collaboration today carries great potential--not just for our two countries, but for global maritime sustainability. India's economic rise--as the fourth largest economy--offers immense opportunities for maritime businesses, both domestic and international. Sustainability is at the heart of our maritime policy, and we are committed to achieving Net Zero emissions at major ports by 2047. From green hydrogen to digital shipping, our roadmap is ambitious yet inclusive,' he added. The discussion delved into India's role as a global maritime hub and emerging logistics power, underpinned by the country's focus on developing green ports, multimodal connectivity, and digital infrastructure to boost international trade. 'Today, India represents a compelling story of growth that is inclusive, innovative, and sustainable,' said Union Minister Shri Sarbananda Sonowal during the interactive session. 'As we expand our port capacity and integrate logistics across the hinterland, we also remain deeply committed to decarbonising the maritime sector. The aim is to make India the global epicentre for green shipping and clean trade corridors.' The Blue MBA cohort includes senior professionals and alumni from global maritime and logistics leaders such as Noble Corporation, MAN Energy Solutions, American Bureau of Shipping, and Bureau Veritas. Their interaction with the Minister focused on the investment landscape in Indian maritime infrastructure, upcoming public-private partnership opportunities, and India's policy incentives for green shipping. Speaking further, Sarbananda Sonowal said, 'Denmark, a frontrunner in green maritime technologies, has set global standards in areas like energy efficiency, innovation, and digital shipping. India, under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi ji, is undertaking a transformative journey to modernise its maritime sector, enhance sustainability, and expand opportunities through policy reform, infrastructure investment, and international cooperation. With a vast coastline and over 90% of its trade by volume moving via the sea, India is one of the world's foremost maritime nations. The maritime sector is thus a central pillar of India's growth strategy.' The Minister emphasised the growing demand for efficient, sustainable shipping, spurred by India's trade expansion and industrial growth. He noted India's significant investment in maritime education, with institutions like the Indian Maritime University and Gujarat Maritime University preparing a globally competent workforce for careers that go far beyond seafaring--into logistics, cruise tourism, green fuels, port management, and ship recycling. India's maritime workforce is projected to grow from 7.86 million to nearly 40 million by 2047, with a remarkable rise in women seafarers--from 1,699 in 2014 to over 7,000 in 2024--reflecting a strong focus on diversity and inclusion. CBS faculty appreciated India's maritime policy reforms and its evolving position as a vital link between Southeast Asia, the Middle East, and Europe. The event reinforced the growing cooperation between India and Denmark, particularly in the areas of green shipping, clean energy, and sustainable development, and underscored India's increasing engagement with global academic and professional institutions. (ANI)
India Gazette
12 hours ago
- Business
- India Gazette
Union Minister Sarbananda Sonowal addresses Blue MBA Cohort in Copenhagen on India's growth & vision
Copenhagen [Denmark], June 7 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal, interacted with students of the prestigious Blue MBA Executive Programme at the Copenhagen Business School (CBS) on Saturday. The session spotlighted India's robust economic trajectory, expanding investment opportunities, and the country's efforts to harmonise economic growth with ecological responsibility. Sonowal also became the first minister from India to visit the prestigious business school, as stated in the release. The Minister was joined by a distinguished panel of faculty and maritime experts, including Brian Wessel, Director General of the Danish Maritime Authority; Leif Christensen, Associate Dean, Copenhagen Business School; and Irene Rosberg, Programme Director of the Blue MBA. The Union Minister was accompanied by Manish Prabhat, Ambassador of India to Denmark. Speaking to the Blue MBA cohort, Minister Sonowal outlined India's maritime growth strategy, driven by the Sagarmala Programme and the Maritime Amrit Kaal Vision 2047, both aimed at creating sustainable infrastructure, multimodal logistics, and a future-ready maritime ecosystem. The Union Minister Sarbananda Sonowal said, 'CBS is a globally respected institution, and the Blue MBA programme in particular stands as a beacon for future-ready leadership in the maritime world. I am especially pleased to be among students whose drive and vision will help shape the course of global shipping in the years ahead, and I am eager to interact with you all today and learn more about your experiences, insights, and aspirations. India and Denmark have enjoyed a long and constructive relationship, and our maritime partnership is growing from strength to strength. As coastal nations with rich maritime traditions and deep strategic interests in ocean-based industries, our collaboration today carries great potential--not just for our two countries, but for global maritime sustainability. India's economic rise, as the fourth-largest economy, offers immense opportunities for maritime businesses, both domestic and international. Sustainability is at the heart of our maritime policy, and we are committed to achieving Net Zero emissions at major ports by 2047. From green hydrogen to digital shipping, our roadmap is ambitious yet inclusive.' The discussion delved into India's role as a global maritime hub and emerging logistics power, underpinned by the country's focus on developing green ports, multimodal connectivity, and digital infrastructure to boost international trade. 'Today, India represents a compelling story of growth that is inclusive, innovative, and sustainable,' said Union Minister Sarbananda Sonowal during the interactive session. 'As we expand our port capacity and integrate logistics across the hinterland, we also remain deeply committed to decarbonising the maritime sector. The aim is to make India the global epicentre for green shipping and clean trade corridors.' The Blue MBA cohort includes senior professionals and alumni from global maritime and logistics leaders such as Noble Corporation, MAN Energy Solutions, American Bureau of Shipping, and Bureau Veritas. Their interaction with the Minister focused on the investment landscape in Indian maritime infrastructure, upcoming public-private partnership opportunities, and India's policy incentives for green shipping. Speaking further, Sarbananda Sonowal said, 'Denmark, a frontrunner in green maritime technologies, has set global standards in areas like energy efficiency, innovation, and digital shipping. India, under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi ji, is undertaking a transformative journey to modernise its maritime sector, enhance sustainability, and expand opportunities through policy reform, infrastructure investment, and international cooperation. With a vast coastline and over 90 per cent of its trade by volume moving via the sea, India is one of the world's foremost maritime nations. The maritime sector is thus a central pillar of India's growth strategy.' The Minister emphasised the growing demand for efficient, sustainable shipping, spurred by India's trade expansion and industrial growth. He noted India's significant investment in maritime education, with institutions like the Indian Maritime University and Gujarat Maritime University preparing a globally competent workforce for careers that go far beyond seafaring--into logistics, cruise tourism, green fuels, port management, and ship recycling. India's maritime workforce is projected to grow from 7.86 million to nearly 40 million by 2047, with a remarkable rise in women seafarers--from 1,699 in 2014 to over 7,000 in 2024--reflecting a strong focus on diversity and inclusion. CBS faculty appreciated India's maritime policy reforms and its evolving position as a vital link between Southeast Asia, the Middle East, and Europe. The event reinforced the growing cooperation between India and Denmark, particularly in the areas of green shipping, clean energy, and sustainable development, and underscored India's increasing engagement with global academic and professional institutions. (ANI)
Hans India
15 hours ago
- Business
- Hans India
India aiming for net zero emissions at major ports by 2047: Sarbananda Sonowal
New Delhi: Sustainability is at the heart of our maritime policy, and we are committed to achieving net zero emissions at major ports by 2047, said Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday. During an interaction with students of the Blue MBA Executive Programme at Copenhagen Business School (CBS), Sonowal outlined India's strategy to transform its maritime infrastructure through flagship initiatives like the Sagarmala Programme and Maritime Amrit Kaal Vision 2047. 'These efforts aim to build modern, multimodal logistics systems while prioritising clean energy, digital shipping and green port development,' the Minister added. He described India as a 'compelling story of inclusive, innovative, and sustainable growth,' and said that the country's vision is to become the global epicentre for green shipping and clean trade corridors. 'The discussion also covered India's ambitious goals for maritime decarbonisation, including the use of green hydrogen and cutting-edge digital solutions,' the Union Minister stated. Highlighting the growing cooperation between India and Denmark in green maritime technologies, Sonowal praised Denmark for its global leadership in energy efficiency and digital shipping. He said India, under the leadership of Prime Minister Narendra Modi, is modernising its maritime sector through policy reform, infrastructure investment, and international collaboration. 'India's vast coastline and heavy reliance on sea trade -- over 90 per cent of its volume -- make the maritime sector a central pillar of its economic strategy,' the minister noted. He also shared the government's plans to scale up maritime education and workforce, aiming to increase India's maritime professionals from 7.86 million to nearly 40 million by 2047. He highlighted a sharp rise in women seafarers, from just 1,699 in 2014 to over 7,000 in 2024, as a sign of the country's focus on diversity and inclusion. His visit was marked by a detailed conversation with maritime professionals and faculty members, focusing on India's commitment to sustainable development and economic growth. The event underlined India's deepening ties with Denmark and its increasing engagement with global academic and professional institutions in the maritime field.
Time of India
20-05-2025
- Business
- Time of India
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme . Live Events Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla).
Economic Times
20-05-2025
- Business
- Economic Times
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. ADVERTISEMENT DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme. Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla). (You can now subscribe to our ETMarkets WhatsApp channel)
