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.

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code