India Partners Globally To Meet Marine Vision 2047

05 Jun 2025 CW Team

Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, announced that India is actively engaging with global maritime leaders to achieve the ambitious targets set under the Maritime India Vision 2047. The statement was made during his visit to Norway, where he is leading the Indian delegation at Nor-Shipping 2025.

As part of this international cooperation, Garden Reach Shipbuilders & Engineers (GRSE) has signed an agreement with Norwegian maritime company Kongsberg to build India’s first Polar Research Vessel (PRV). This marks a significant advancement in India’s marine research and shipbuilding capabilities.

“Discussions with countries experienced in maritime infrastructure development are ongoing. Partnerships aligned with the 2047 vision will be pursued, and best global practices will be adopted across domestic operations,” said Sonowal.

The Maritime India Vision 2047 outlines transformative goals, including increasing annual cargo handling capacity at Indian ports to 10 billion tonnes—four times the current volume. It also targets a 400 per cent rise in inland waterway freight movement, aiming to reach 500 million tonnes per annum by 2047.

India’s strategy involves not only expanding physical capacity but also integrating sustainable and technologically advanced systems to modernise port and shipping operations nationwide.

Real Estate

05 May 2026

Sundaram Home Finance Reports FY26 Growth

Sundaram Home Finance reported a 15 per cent increase in net profit for FY26 to Rs 2.82 billion, compared to Rs 2.45 billion in the previous year, supported by steady growth in disbursements and expansion of its emerging business segment.Disbursements rose 5 per cent year-on-year to Rs 68.42 billion, while assets under management (AUM) grew 14 per cent to Rs 199.09 billion as of March 31, 2026.The company’s emerging business segment—comprising affordable housing finance and small-ticket loans—crossed the Rs 5.0 billion disbursement milestone, reaching Rs 5.9 billion in FY26, up from Rs 2..

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..