India Signs Rs 12 Trillion Maritime MoUs at IMW 2025

04 Nov 2025 CW Team

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Thursday that 600 memorandums of understanding (MoUs) worth Rs 12 trillion in investment proposals were signed during India Maritime Week 2025 (IMW 2025). The agreements mark a major step towards transforming India into a global maritime superpower.

Addressing the media, Sonowal said that CEOs of 11 leading global shipping companies participated in IMW 2025, which began on 27 October at the Bombay Exhibition Centre and concludes on Friday.

He reaffirmed the Narendra Modi government’s commitment to expanding and modernising India’s port infrastructure to ensure that the country is equipped to handle future maritime challenges.

Providing further details, Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, said that 30 per cent of the MoUs signed are aimed at port development and modernisation, while 20 per cent focus on green shipping initiatives. Another 20 per cent are dedicated to domestic shipbuilding, 20 per cent to port-led industrialisation, and 10 per cent to trade promotion, business expansion, and skill development.

The five-day event serves as a platform to highlight India’s maritime ambitions and attract domestic and international investment. It also showcases the government’s recent policy reforms and fiscal incentives designed to strengthen the sector’s competitiveness.

Sonowal added that these collaborations underscore India’s growing importance in global trade and logistics, reaffirming its vision of becoming a maritime powerhouse under the Maritime India Vision 2030 framework.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..