India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties
PORTS & SHIPPING

India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties

India plans to establish a consortium involving equity participation by public sector enterprises to bid for operating overseas port asset. The stakeholders in this entity, tentatively named Bharat Global, will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI).

A senior official remarked, “The consortium will replicate the Chabahar port model in other strategic locations.” India also plans to operationalise Bharat Container Shipping Line as a vertical within SCI to mitigate global trade disruptions.

The move aligns with India’s strategy to strengthen maritime trade connectivity and expand its global port management footprint. This comes after a 10-year bilateral agreement to operate Chabahar port in Iran and India’s presence in Myanmar through Sittwe port under the Kaladan Multimodal Transit Transport Project. Both projects are managed by India Ports Global, a joint venture of the Jawaharlal Nehru Port Authority and Deendayal Port Authority.

“The proposed consortium will also serve as India’s strategic response to China’s Gwadar port under the Belt and Road Initiative,” an official stated. The initiative aligns with the planned India-Middle East-Europe Economic Corridor, introduced during the 2023 G20 summit, which offers alternative routes to the Suez Canal.

India also aims to address trade disruptions caused by global container shortages during the pandemic. “SCI’s Bharat Container Shipping Line will ensure that future shortages don’t affect India’s trade interests,” an official explained. By operating along key export routes, the initiative will enhance SCI’s capabilities beyond coastal trade and boost India’s resilience in global shipping.

India plans to establish a consortium involving equity participation by public sector enterprises to bid for operating overseas port asset. The stakeholders in this entity, tentatively named Bharat Global, will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI). A senior official remarked, “The consortium will replicate the Chabahar port model in other strategic locations.” India also plans to operationalise Bharat Container Shipping Line as a vertical within SCI to mitigate global trade disruptions. The move aligns with India’s strategy to strengthen maritime trade connectivity and expand its global port management footprint. This comes after a 10-year bilateral agreement to operate Chabahar port in Iran and India’s presence in Myanmar through Sittwe port under the Kaladan Multimodal Transit Transport Project. Both projects are managed by India Ports Global, a joint venture of the Jawaharlal Nehru Port Authority and Deendayal Port Authority. “The proposed consortium will also serve as India’s strategic response to China’s Gwadar port under the Belt and Road Initiative,” an official stated. The initiative aligns with the planned India-Middle East-Europe Economic Corridor, introduced during the 2023 G20 summit, which offers alternative routes to the Suez Canal. India also aims to address trade disruptions caused by global container shortages during the pandemic. “SCI’s Bharat Container Shipping Line will ensure that future shortages don’t affect India’s trade interests,” an official explained. By operating along key export routes, the initiative will enhance SCI’s capabilities beyond coastal trade and boost India’s resilience in global shipping.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement