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

08 Oct 2025

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..