+
RCL to Introduce Paradip-Port Klang Service under Odisha VGF Scheme
PORTS & SHIPPING

RCL to Introduce Paradip-Port Klang Service under Odisha VGF Scheme

RCL (Ravindra Container Lines) is set to launch a new shipping service linking Paradip port in Odisha with Port Klang in Malaysia. This initiative is facilitated under the Odisha government's Viability Gap Funding (VGF) scheme, aimed at promoting maritime connectivity and trade facilitation.

The upcoming service holds strategic significance, offering a direct shipping route between Paradip and Port Klang, which is expected to bolster trade relations between India and Malaysia. It aligns with the government's efforts to promote regional connectivity and enhance the competitiveness of Indian ports in the global maritime landscape.

Under the VGF scheme, the Odisha government provides financial support to incentivize shipping lines to operate on routes with potential economic benefits but face viability challenges. By subsidising operational costs, the scheme aims to attract shipping operators and stimulate trade growth in the region.

The Paradip-Port Klang service is anticipated to enhance the efficiency of cargo movement, reduce transit times, and lower logistics costs for businesses engaged in bilateral trade between India and Malaysia. Additionally, it opens up new avenues for exporters and importers to access international markets more seamlessly.

RCL's decision to introduce this service underscores the growing importance of Paradip port as a key maritime gateway on India's eastern coast. It also reflects the collaborative efforts between the public and private sectors to leverage infrastructure initiatives for fostering economic development and trade expansion.

RCL (Ravindra Container Lines) is set to launch a new shipping service linking Paradip port in Odisha with Port Klang in Malaysia. This initiative is facilitated under the Odisha government's Viability Gap Funding (VGF) scheme, aimed at promoting maritime connectivity and trade facilitation. The upcoming service holds strategic significance, offering a direct shipping route between Paradip and Port Klang, which is expected to bolster trade relations between India and Malaysia. It aligns with the government's efforts to promote regional connectivity and enhance the competitiveness of Indian ports in the global maritime landscape. Under the VGF scheme, the Odisha government provides financial support to incentivize shipping lines to operate on routes with potential economic benefits but face viability challenges. By subsidising operational costs, the scheme aims to attract shipping operators and stimulate trade growth in the region. The Paradip-Port Klang service is anticipated to enhance the efficiency of cargo movement, reduce transit times, and lower logistics costs for businesses engaged in bilateral trade between India and Malaysia. Additionally, it opens up new avenues for exporters and importers to access international markets more seamlessly. RCL's decision to introduce this service underscores the growing importance of Paradip port as a key maritime gateway on India's eastern coast. It also reflects the collaborative efforts between the public and private sectors to leverage infrastructure initiatives for fostering economic development and trade expansion.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?