India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund
The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..
Celcius Launches Rs 500 Million Pharma Logistics Arm
Celcius Logistics, India’s leading tech-driven 3PL and cold supply chain provider, has launched Celcius+, a dedicated vertical for the seamless management of the pharmaceutical supply chain. The new arm is designed to meet the sector’s stringent demands for temperature control, compliance, and real-time visibility, ensuring safe and efficient transport of medicines, vaccines, and other sensitive products.In its first phase, the company will invest Rs 500 million to build a dedicated pharma fleet and supporting infrastructure, aiming to generate Rs 1 billion in annual recurring revenue (ARR..
ONGC To Invest Rs 46 Billion In Andhra Oil And Gas Project
Oil and Natural Gas Corporation (ONGC) will invest Rs 46.06 billion in a large oil and gas project in Konaseema district, Andhra Pradesh.The plan includes drilling 10 development wells, constructing two unmanned platforms, laying an offshore pipeline, and building an onshore gas processing facility at the Odalarevu Terminal. The project is part of the DSF-III contract areas KG/OSDSF/CHANDRIKA/2021 (697 sq km) and KG/OSDSF/GS49/2021 (148 sq km), awarded in September 2022.The Environmental Management Plan (EMP) carries a capital cost of Rs 140 million and an annual recurring cost of Rs 30 millio..
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