+
IFSCA Proposes Foreign Flag Ships for Indian Ports
PORTS & SHIPPING

IFSCA Proposes Foreign Flag Ships for Indian Ports

India's shipping sector faces scrutiny as the International Financial Services Centre Authority (IFSCA) seeks approval to permit foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). The move aims to alleviate challenges in the country's shipping industry, potentially introducing a solution to long-standing issues.

The proposal by IFSCA underscores the urgency of addressing woes in India's maritime sector. By allowing foreign-flagged ships to operate from GIFT City, a designated financial hub, the initiative seeks to enhance the efficiency and competitiveness of Indian ports. This could lead to improvements in logistics, trade, and overall maritime activities, contributing to the growth of the shipping industry.

The consideration of such a proposal highlights the complexity of challenges faced by Indian ports and the need for innovative solutions. The potential collaboration between IFSCA and GIFT City holds promise for transforming the landscape of the shipping sector, opening avenues for increased foreign participation and investment.

As discussions unfold, the maritime industry's stakeholders will keenly observe the potential impact on shipping operations and trade dynamics. The proposal signifies a step towards aligning India's shipping policies with global standards, fostering a more robust and internationally connected maritime infrastructure.

India's shipping sector faces scrutiny as the International Financial Services Centre Authority (IFSCA) seeks approval to permit foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). The move aims to alleviate challenges in the country's shipping industry, potentially introducing a solution to long-standing issues. The proposal by IFSCA underscores the urgency of addressing woes in India's maritime sector. By allowing foreign-flagged ships to operate from GIFT City, a designated financial hub, the initiative seeks to enhance the efficiency and competitiveness of Indian ports. This could lead to improvements in logistics, trade, and overall maritime activities, contributing to the growth of the shipping industry. The consideration of such a proposal highlights the complexity of challenges faced by Indian ports and the need for innovative solutions. The potential collaboration between IFSCA and GIFT City holds promise for transforming the landscape of the shipping sector, opening avenues for increased foreign participation and investment. As discussions unfold, the maritime industry's stakeholders will keenly observe the potential impact on shipping operations and trade dynamics. The proposal signifies a step towards aligning India's shipping policies with global standards, fostering a more robust and internationally connected maritime infrastructure.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?