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SECTOR | 30 Sep 2024

Union minister Sonowal launches Cruise Bharat Mission from Mumbai port

Business Standard

Union Minister Sarbananda Sonowal on Monday launched 'Cruise Bharat Mission' from the Mumbai port, aimed at boosting the potential of cruise tourism in the country and doubling of cruise passenger traffic by 2029, according to an official release. The mission, which also aims to excel India's vision to become a global hub for cruise tourism and promote the country as the leading global cruise destination, targets three key cruise segments -- the ocean and harbour, river, inland and island. It will be implemented in three phases, beginning October 1, the release said, adding that it will continue till March 31, 2029. Launching the mission on board cruise ship "Empress," Sonowal, who is the Minister for Ports, Shipping and Waterways, said, "the 'Cruise Bharat Mission' is a watershed moment in the revamp of the cruise sector of India." Stating that the government is committed to harnessing the tremendous potential of the Blue Economy of India, Sonowal said that cruise, with its...

3 Adani firms join WEF initiative to play role in global decarbonisation

Business Standard | 30 Sep 2024

Infrastructure

SECTOR | 26 Sep 2024

Rays Power Infra Secures India's Largest Vanadium Redox Flow Battery Tender From NTPC

NDTV Profit

The VRFB technology offers long-duration energy storage, crucial for grid stability and the large-scale integration of renewable energy.

Infrastructure

SECTOR | 25 Sep 2024

Ship-building clusters to come up in 5 states, says Sarbananda Sonowal

Business Standard

Ship-building and ship repair clusters will be established in five states including Gujarat, Andhra Pradesh and Maharashtra, Union Minister for Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal said on Wednesday. Recognizing the strategic importance of shipbuilding and ship repair, the ministry is developing dedicated clusters in Maharashtra, Kerala, Andhra Pradesh, Odisha, and Gujarat, Sonowal said while highlighting the major accomplishments of his ministry in the first 100 days of the third term of the NDA government. In the next five years, the ministry projects container handling to reach an impressive 40 million TEUs (twenty-foot equivalent unit), creating 2 million job opportunities across the country. Jawaharlal Nehru Port Authority (JNPA) alone will scale up its handling capacity from the current 6.6 million TEUs to 10 million, he added. The minister also said that 3,900 acres of land has been allotted in Deendayal Port Authority (DPA) and V. O. Chidambaranar Port ..

Infrastructure

SECTOR | 25 Sep 2024

Brokerage Views: Goldman Sachs Picks 20 Indian Stocks, HSBC Hikes HDFC Bank Target Price And More

NDTV Profit

Reliance Industries Ltd., Adani Ports and Special Economic Zone Ltd., Mahindra & Mahindra Ltd. featured among Goldman Sachs' top-20 picks from India.

Infrastructure

SECTOR | 20 Sep 2024

Adani Ports Inks Pact With UAE-Based Rorix Holdings To Integrate Tech Into Logistics Platform

NDTV Profit

The tie-up will also 'create synergies that will transform the commodities market ecosystem', Adani Ports says.

Adani Ports and Rorix Holdings join forces to transform commodities trade, stock leaps

Business Line | 20 Sep 2024 1 more

Infrastructure

SECTOR | 18 Sep 2024, 07:46AM

Manu Bhaker appointed brand ambassador for Ministry of Ports, Shipping and Waterways

Business Line

Union Minister Sarbananda Sonowal expressed pride in Bhaker's achievements and highlighted her role in promoting the marine sector.

Infrastructure

SECTOR | 17 Sep 2024, 10:15PM

India's first CO2-to-methanol pilot plant to come up in Pune

Business Line

The project is being implemented as a public-private partnership (PPP) between IIT-Delhi and Thermax Limited.

Infrastructure

SECTOR | 15 Sep 2024

India seeks investments from South Korea & Japan for shipbuilding clusters

Business Standard

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan. "We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here. Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed. "We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he...

Infrastructure

SECTOR | 13 Sep 2024

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

Business Standard

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Infrastructure

SECTOR | 13 Sep 2024

Cochin Shipyard Lays Keel For Largest Indian Dredger

NDTV Profit

The keel for DCI Dredge Godavari, was laid by Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal virtually.