Centre Aims for 10x Expansion in Domestically Flagged Ships

05 Mar 2024 CW Team

The Indian government has unveiled ambitious plans to achieve a tenfold expansion in the number of domestically flagged ships. This strategic initiative underscores a significant push to enhance indigenous shipping capabilities, promoting self-reliance and bolstering the country's maritime sector.

The expansion plan aligns with the government's vision to strengthen India's presence in the global shipping industry and reduce dependency on foreign-flagged vessels. The move is expected to have far-reaching implications, not only in terms of economic growth but also in reinforcing national security and maritime interests.

By aiming for a tenfold increase in domestically flagged ships, the government seeks to create a robust and competitive shipping industry. This initiative is likely to encourage investments, stimulate job creation, and foster technological advancements in shipbuilding and related maritime sectors.

The focus on expanding the fleet of domestically flagged ships is part of a broader strategy to tap into the potential of India's vast coastline and maritime resources. It reflects a forward-looking approach to harnessing the country's maritime strengths, promoting trade, and ensuring a secure and self-reliant maritime ecosystem.

As the government charts a course for a substantial increase in domestically flagged ships, the maritime sector is poised for transformative growth. This ambitious plan positions India to emerge as a key player in the global shipping arena, enhancing its maritime influence and contributing to the overall economic resilience of the nation.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..