+
 India’s first Maritime Cluster to be established in Gujarat
SMART CITIES

India’s first Maritime Cluster to be established in Gujarat

State-run port operators and regulators in Gujarat told the media that India's first International Maritime Services Cluster would be set up by Gujarat Maritime Board (GMB) at GIFT City.

The Maritime cluster will be developed as a dedicated ecosystem comprising logistics services providers, shipping, ports and pertinent government regulators, everything present in the geographic vicinity of the GIFT city.

The cluster looks to host maritime industry players, including government agencies, maritime/shipping industry associations and businesses, regulators, intermediate service providers like shipping finance, maritime arbitrators, marine insurance, maritime law firms, and support service providers like maritime education institutes. The cluster would also have an Alternate Dispute Resolution (ADR) Centre, focused on maritime/shipping.

The cluster is said to ensure economic benefits and ease of doing business for the maritime fraternity, which currently depends on international arbitration centres.

MD & Group CEO, GIFT City, Tapan Ray, told the media that establishing a maritime cluster was a much-needed step towards advancing India's credentials and economic viability in the sector. He also said that GIFT City has a unique distinction of being India's first IFSC, and the inclusion of such an institution improves our proposition.

Image Source


Also read: Smart Cities Mission brings together govt schemes on affordable housing

Also read: Rs 1,021 cr Vizag Beach Corridor receives state govt approval

State-run port operators and regulators in Gujarat told the media that India's first International Maritime Services Cluster would be set up by Gujarat Maritime Board (GMB) at GIFT City. The Maritime cluster will be developed as a dedicated ecosystem comprising logistics services providers, shipping, ports and pertinent government regulators, everything present in the geographic vicinity of the GIFT city. The cluster looks to host maritime industry players, including government agencies, maritime/shipping industry associations and businesses, regulators, intermediate service providers like shipping finance, maritime arbitrators, marine insurance, maritime law firms, and support service providers like maritime education institutes. The cluster would also have an Alternate Dispute Resolution (ADR) Centre, focused on maritime/shipping. The cluster is said to ensure economic benefits and ease of doing business for the maritime fraternity, which currently depends on international arbitration centres. MD & Group CEO, GIFT City, Tapan Ray, told the media that establishing a maritime cluster was a much-needed step towards advancing India's credentials and economic viability in the sector. He also said that GIFT City has a unique distinction of being India's first IFSC, and the inclusion of such an institution improves our proposition. Image Source Also read: Smart Cities Mission brings together govt schemes on affordable housing Also read: Rs 1,021 cr Vizag Beach Corridor receives state govt approval

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?