India Targets 10,000 MTPA Port Capacity by 2047: Sonowal

22 Aug 2023 CW Team

The Indian government, under the leadership of Prime Minister Narendra Modi, is envisioning a substantial boost in the country's port capacity to 10,000 million tonnes per annum (MTPA) by the year 2047. Union Minister Sarbananda Sonowal shared this ambitious goal, highlighting the government's commitment to bolstering India's maritime infrastructure and trade capabilities.

The plan aligns with India's overarching vision of becoming a global trade and logistics hub. As a key player in international trade, expanding port capacity is crucial to accommodate growing commercial activities, enable efficient cargo handling, and enhance maritime connectivity.

By aiming for a 10,000 MTPA port capacity, India intends to capitalise on its strategic coastal location and tap into the potential of the blue economy. This initiative also aligns with global trends in maritime transport and trade, ensuring India's competitiveness on the world stage.

The expansion of port infrastructure is set to stimulate economic growth, create job opportunities, and attract foreign investments. It supports the 'Sagarmala' initiative, a comprehensive program aimed at modernising India's ports and harnessing coastal resources.

This visionary plan reflects the government's determination to transform India into a maritime powerhouse. Achieving the 10,000 MTPA port capacity target by 2047 would mark a significant milestone, propelling India's status as a global trade leader and fostering sustainable economic development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..