IFSCA Proposes Foreign Ships at GIFT City for Indian Ports

04 Mar 2024 CW Team

India's shipping sector faces a critical examination as the International Financial Services Centre Authority (IFSCA) seeks permission for foreign-flagged ships to operate from the Gujarat International Finance Tec-City (GIFT City). This proposal aims to alleviate longstanding challenges within India's maritime industry, presenting a potential solution to boost efficiency and competitiveness.

The IFSCA's initiative highlights the pressing need to confront issues affecting Indian ports. By allowing foreign ships to operate from GIFT City, a designated financial hub, the proposal aims to enhance logistics, trade, and overall maritime activities. This strategic move could contribute significantly to the growth and revitalization of the shipping sector.

The consideration of such a proposal underscores the complexity of challenges faced by Indian ports and the importance of innovative solutions. The potential collaboration between IFSCA and GIFT City holds promise for transforming the landscape of the shipping sector, fostering increased international participation and investment.

As discussions progress, stakeholders in the maritime industry will closely monitor the potential impact on shipping operations and trade dynamics. The proposal represents a crucial step towards aligning India's shipping policies with global standards, reinforcing a more robust and internationally connected maritime infrastructure.

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..