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Time of India
03-06-2025
- Business
- Time of India
Inviting global domain experts to achieve India's Maritime Vision 2047 goals: Sarbananda Sonowal
India is partnering with global experts to realize its Maritime Vision 2047. Union Minister Sarbananda Sonowal is leading discussions at Nor Shipping 2025 in Norway. A key agreement involves building India's first Polar Research Vessel with Norwegian collaboration. India aims to significantly increase its port capacity and inland waterway cargo volume. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India is bringing domain expertise from leading nations to ensure maritime vision 2047 goals are met according to Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal . The Minister is currently leading the Indian delegation at Nor Shipping 2025 in Norway. An official statement said India will be building its first-ever Polar Research Vessel (PRV) after Garden Reach Shipbuilders & Engineers (GRSE) signed an agreement with Norway's Kongsberg.'Discussions have been held with countries that have expertise in maritime infrastructure development. Partnerships will be forged in line with 2047 goals,' Sonowal told ET over the phone from Oslo.'Global best practices will be incorporated in domestic maritime operations,' he aims to ramp up cargo handling capacity of its ports fourfold to 10,000 million tonnes per annum (mtpa) by 2047. Among other goals, the Maritime India Vision 2047 aims for a 400% increase of inland waterway cargo volume to reach 500 MTPA by the cutoff year. Efforts are also expected towards scaling up the domestic shipbuilding industry where India currently has less than 1% of global part of the agreement between GRSE and Kongsberg, the domestic shipbuilding sector is expected to receive design expertise for developing the PRV.'This will meet the requirement of India's National Centre for Polar and Ocean Research (NCOPR) that will use it for research activities in the polar and Southern Ocean realms,' the statement said while adding this research vessel will be built in GRSE's Kolkata the conference, Sonowal invited Norwegian shipowners to invest in India. He noted that Indian shipyards currently hold 11% of the Norwegian Shipowners' Association (NSA)'s order book.'We invite greater collaboration with Norway to build a green, smart, and resilient maritime ecosystem,' he said while adding this partnership is reflected in Indian shipyards delivering vessels to Norwegian firms. The Minister also sought Norway's cooperation in green shipping corridors , ship recycling, and International Maritime Organisation (IMO)-aligned net-zero goals.
Time of India
21-04-2025
- Business
- Time of India
India's largest cruise terminal begins operations
Operations started at Mumbai International Cruise Terminal ( MICT ) Monday. An official statement said Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal flagged off cruise operations from India's largest terminal. The newly inaugurated MICT is designed to handle 1 million passengers every year with an approximate 10,000 passengers per day. It can handle five ships simultaneously, with 11 meters draft and up to 300 meters length, the statement said while adding total investment in the MICT project has been Rs 556 crores. Sonowal also oversaw an agreement signing ceremony for development of infrastructure projects worth more than Rs 5,700 crores at Vadhavan Port . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now An official statement said agreements were signed to develop a terminal for handling container, bulk, and liquid cargo with investment of Rs 4200 crores. In addition to this, agreements for development of a dedicated terminal for handling bulk and liquid cargo with an investment of Rs 1,000 crores were also signed.
