India Vows Strong Support for Maritime Sector

17 Nov 2023 CW Team

India's commitment to bolster its maritime sector was underscored by Finance Minister Nirmala Sitharaman. Emphasising the government's unwavering determination to support the maritime industry, Sitharaman highlighted the pivotal role it plays in the nation's economic development.

Sitharaman expressed the government's dedication to providing robust backing for the maritime sector, recognising its significance in trade, connectivity, and economic growth. The minister underscored the multifaceted contributions of the maritime industry, ranging from facilitating international trade to enhancing regional connectivity and fostering economic resilience.

The Finance Minister's remarks come at a crucial juncture as India seeks to strengthen its maritime capabilities and leverage its vast coastline for economic advantages. The government's commitment is seen as a strategic move to harness the full potential of the maritime sector in driving economic progress and ensuring national security.

Sitharaman also highlighted the importance of collaborative efforts involving various stakeholders, including the private sector, to propel the maritime industry forward. The government aims to create an enabling environment for maritime businesses to thrive, fostering innovation, investment, and job creation in the sector.

As India strives to enhance its position as a maritime nation, the Finance Minister's assurances signal a comprehensive approach to address challenges and tap into opportunities within the maritime domain. The commitment to supporting the maritime sector aligns with broader economic goals and underscores the government's recognition of the sector's pivotal role in India's journey toward becoming a global economic powerhouse.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..