Shipbuilding Orders Totaling Rs 68 Bn Secured in the Last Four Years

07 Dec 2023 CW Team

The shipbuilding sector in India has witnessed remarkable progress over the last four years, with orders totalling Rs 68 billion successfully secured, as highlighted by Sonowal. This substantial influx of orders not only reflects the industry's vibrancy but also signals a strategic advancement in bolstering India's maritime capabilities.

The announcement comes as a testament to the resilience and competitiveness of the Indian shipbuilding industry, positioning it as a key player on the global maritime stage. The substantial order value underscores the confidence and trust vested in the capabilities of Indian shipbuilders, paving the way for sustained growth in the sector.

The surge in shipbuilding orders aligns with the government's focus on strengthening the maritime infrastructure and promoting 'Make in India' initiatives. The strategic investments in this sector are poised to contribute significantly to job creation, technology advancement, and economic development.

Sonowal's announcement emphasises the positive trajectory of the shipbuilding industry, showcasing its ability to attract substantial contracts and propel India's standing in the international maritime domain. As the sector continues to flourish, it is expected to play a pivotal role in enhancing the country's maritime prowess and fostering a robust ecosystem for related industries. The significant orders secured in the past four years mark a milestone in the ongoing efforts to build a resilient and globally competitive shipbuilding sector in India

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..