By 2030, India aims to be the world's leading shipbuilding nation

25 Mar 2023 CW Team

According to Shipping Minister Sarbananda Sonowal, India aims to become the global hub of Green Ship Building by 2030. He stated at the launch of the Green Tug Transition Programme (GTTP) that the center has set a target for the first Green Tugs to begin operations in all Major Ports by 2025.

A Major Port is one that is administered by the Union Shipping Ministry, whereas a Tug (also known as a Tugboat) is a vessel used to maneuver ships into port berths.

The program will begin with 'Green Hybrid Tugs,' powered by Green Hybrid Propulsion systems, and will progress to non-fossil fuel solutions (like Methanol, Ammonia, and Hydrogen). "At least half of all Tugs are likely to be converted into Green Tugs by 2030, significantly reducing emissions as the country moves toward achieving sustainable development," he said.

Sonowal also inaugurated India's first Green Port and Shipping Centre of Excellence (NCoEGPS).

According to an official statement, the NCoEGPS will be the industry's Nodal entity, with the goal of making India the global hub for building Green Ships by 2030.

The NCoEGPS will work on ten critical projects, including creating a regulatory framework for wind energy use in marine applications and identifying a suitable biofuel for blending with conventional marine fuels. It will also work to develop a regulatory framework for the transportation of hydrogen up to 700 bar pressure and identify a fuel cell technology for long-distance shipping.

Furthermore, the NCoEGPS will prepare detailed project reports on low energy consumption ports, as well as an offshore platform for harnessing solar energy, producing, storing, and utilizing green hydrogen.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..