Economy

India-Bangladesh trade routes via North East could see some disruption: Sonowal

India is bracing some impact and “disruption” on the Indo-Bangladesh Protocol Routes – connecting the North Eastern region of the sub-continent through Bangladesh’s waterways – as it withdraws trans-shipment arrangements and other trade restrictions (like use of specific ports for garment shipments or blocking flow of item into North Eastern region through the neighbouring country. […]

Economy

India to become one of the top 5 nations in ship building by 2047: Minister Sonowal

Sarbananda Sonowal, the Union Minister of Ports, Shipping& Waterways (MoPSW)  | Photo Credit: cueapi The granting of infrastructure status to large ships will promote ship ownership and shipbuilding in India and place the country among the top five nations by 2047, Sarbananda Sonowal, the Union Minister of Ports, Shipping& Waterways (MoPSW) has said. The infrastructure […]

Economy

Cochin Shipyard commence green tug construction, Minister Sonowal attend steel cutting 

The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal at Cochin Shipyard reviewing shipbuilding activities Cochin Shipyard has commenced the construction of two green tugs being developed under the Green Tug Transition Programme (GTTP) of the Shipping Ministry. The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal presided over the steel cutting […]

Economy

Lok Sabha passes Carriage of Goods by Sea Bill 2024; Sonowal introduces Indian Ports Bill 2025

The Lok Sabha on Friday passed the ‘Carriage of Goods by Sea Bill, 2024’ – which  seeks to modernise and update the legal framework and also Ease of Doing Business in the country’s maritime sector. The Bill was introduced by Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways (MoPSW). The Bill replaces the colonial-era […]

Economy

Second edition of Sagarmala scheme underway: Sonowal

The second edition of the flagship Sagarmala scheme of the Union Ministry of Ports, Shipping and Waterways will offer support for shipbuilding, repair, and recycling in addition to port infrastructure development. It will also include a start-up mentoring and incentivising program. The scheme has a ₹40,000 crore budgetary support, with investment potential of ₹12 trillion […]

Economy

Sarbananda Sonowal announces ₹4800 crore investment in Assam for developing waterways and infrastructure

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Wednesday, announced an investment of more than ₹4,800 crore for developing waterways and related infrastructure in Assam. The money will be invested to enable the immense potential of the complex and dynamic waterways system in the State to propel the growth and development of the […]