Centre Proposes NBFC Under Sagarmala to Address Shipping Industry Issues

27 Aug 2024 CW Team

The Indian government is considering establishing a non-banking financial company (NBFC) under the Sagarmala project to address ongoing challenges in the shipping industry. This move is aimed at bolstering financing options and improving infrastructure development within the sector.

The proposal comes as part of the Sagarmala project, which seeks to enhance port connectivity, boost port-led development, and modernise port infrastructure across the country. The proposed NBFC would focus on providing financial support to various shipping and port-related projects, which often face funding constraints.

By setting up this specialised financial entity, the government aims to overcome the financial hurdles that hinder the growth and efficiency of the shipping industry. The NBFC would play a crucial role in financing infrastructure upgrades, expanding port facilities, and supporting logistics operations, thereby contributing to the overall development of the maritime sector.

This initiative is expected to foster a more robust and efficient shipping network, aligning with the broader objectives of the Sagarmala project and enhancing India's position in global maritime trade.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..