+
India Vows Strong Support for Maritime Sector
PORTS & SHIPPING

India Vows Strong Support for Maritime Sector

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.


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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code