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maritime gateway
Iit Hyderabad, Goa Shipyard Sign Agreement To Incorporate Ai Into Shipbuilding
Goa Shipyard Limited (GSL) signed an MoU with IIT Hyderabad to integrate artificial intelligence (AI) into shipbuilding, aiming to enhance vessel design, shipyard security, and operational efficiency. The agreement, signed on March 10, also involves technology partners Neer Interactive Solutions, the Center for Geospatial AI and Digital Twins (CGDT), and Andhra Mahila Sabha (AMS) Arts and Science College. The collaboration will see GSL using AI-driven generative design and geospatial technologies to improve the accuracy and speed of ship construction while strengthening safety protocols. In 2020, GSL partnered with IIT Goa for research and product development using similar technologies. GSL has been modernising its infrastructure with AI-based predictive maintenance, automation in ship design, and smart manufacturing processes. The shipyard, which comes under the ministry of defence, specialises in constructing offshore patrol vessels, fast attack craft, and frigates for the Indian Navy and Coast Guard. It is currently building two indigenous warships with stealth features and improved endurance for long-range maritime operations. GSL previously deployed AI for optimising production cycles, improving quality control, and reducing turnaround times. GSL has expressed a keen interest in digital twin technology, which could allow the shipyard to create a virtual, dynamic replica of a vessel, continuously updated with live data for better decision-making. IIT Hyderabad has pioneered work in deep learning models for industrial automation, real-time geospatial analysis, and digital twins. The Center for Geospatial AI and Digital Twins (CGDT), part of IIT Hyderabad, specialises in integrating AI with geospatial intelligence, enabling real-time monitoring of infrastructure and industrial processes. Neer Interactive Solutions, a deep-tech firm specialising in AI-driven design solutions, has worked on advanced simulation models for aerospace and defence industries. GSL chairman and managing director B K Upadhyay and IIT Hyderabad director B S Murty spearheaded the discussions that led to the formal tie-up. The initiative is expected to enhance India’s maritime capabilities by integrating AI-driven efficiency into shipbuilding. By combining GSL’s shipbuilding expertise with IIT Hyderabad’s AI research and the technical capabilities of its partners, the project aligns with India’s push for self-reliance in defence manufacturing, said GSL officials.
port-and-ship
Mar 13, 2025
maritime gateway
India’S Trade Deficit Likely Narrowed To $21.5 Bn In February: Report
India’s trade deficit likely narrowed to $21.5 billion in February, down from $23 billion in January, according to a report by Union Bank of India. However, the report also noted that the geopolitical risks, especially concerns over tariffs, will continue to influence trade dynamics. It said “Merchandise trade deficit likely narrowed in Feb 25 to $21.5 bln vis-a-vis $23.0 bln a month ago”. The report suggested that the reduction in the merchandise trade deficit was mainly driven by a moderation in the Non-Oil-Non-Gold (NONG) segment, supported by seasonal factors during the quarter. Despite this improvement, the report added that the extent of recovery in trade balance may be limited due to growing concerns over new trade restrictions and tariff increases following the change in the U.S. administration. The oil trade deficit is also expected to have narrowed in February, supported by a fall in global Brent crude oil prices. Brent crude dropped to USD 74.95 per barrel in February from USD 78.35 per barrel in January. A notable trend was the decline in oil imports from Russia, which fell 14.5 per cent month-on-month to 1.43 million bpd, the lowest level since January 2023. As a result, Russia’s share in India’s total oil imports dropped to around 30 per cent in February, a sharp decline from the 2024 average of approximately 38 per cent. Although crude oil prices eased in February, the report noted that the impact on imports might be delayed since contracts are signed in advance. This could explain why India’s oil import bill declined in January compared to December, even though prices and volumes had increased sequentially. Gold imports are estimated to have risen to 70 tonnes in February, up from 40 tonnes in January. This increase was likely driven by seasonal demand during the marriage season. Additionally, investment demand for physical gold remained strong due to pressure on riskier assets like equities. The report highlights that with ongoing global economic uncertainties under Trump’s second term, the demand for gold as a safe-haven asset is expected to persist. Looking ahead, the report noted that the geopolitical risks, particularly concerns over trade tariffs, will continue to shape India’s trade performance in the coming months.
port-and-ship
Mar 13, 2025
maritime gateway
New Mangalore Port: Thriving Against The Odds
Nestled between the glistening Arabian Sea and the majestic Western Ghats, the New Mangalore Port (NMP) stands as a symbol of India’s maritime excellence and strategic foresight. Often compared to the Rock of Gibraltar for its pivotal location, NMP has evolved over five decades from a modest regional facility into a major maritime hub. Handling a diverse range of cargo—from containerized goods to liquid and dry bulk commodities—this dynamic port is poised to become a “Mega Port” by 2047. As a catalyst for economic growth in Karnataka and beyond, NMP plays a critical role in shaping India’s trade and commerce landscape. A 50-Year journey of growth and transformation Celebrating its 50th anniversary in 2024, NMP has come a long way since its inception in 1974. Over the decades, the port has expanded its infrastructure, embraced technological innovations, and adopted sustainable practices, setting benchmarks in the maritime industry. Early milestones included the mechanization of berths and the introduction of containerized cargo operations. The establishment of India’s second-largest LPG-handling facility further underscored its growing capabilities. A defining feature of NMP’s evolution has been its commitment to sustainability. The port is now one of India’s first 100% solar-powered ports, with a 5.19 MW solar plant energizing its operations. In FY 2023-24, NMP achieved a record cargo throughput of 45.71 million metric tons (MMT), while container traffic grew at a compound annual growth rate (CAGR) of 14% over the past decade, reaching 1.96 lakh TEUs (Twenty-foot Equivalent Units). This journey from modest beginnings to a modern, technologically advanced facility is a testament to the vision and perseverance of NMP’s leadership and workforce. Cargo handling capabilities: A diversified portfolio NMP’s strength lies in its ability to handle a wide range of cargo types, supported by 16 well-equipped berths and a single-point mooring (SPM) facility, giving it a total usable capacity of 74 million tons per annum (MTPA). This extensive capacity enables the port to efficiently process diverse cargoes, catering to the needs of various industries with precision. For dry bulk cargo, NMP plays a crucial role in transporting commodities like iron ore, coal, cement, and fertilizers, with the recent resurgence of iron ore exports showcasing its adaptability to market dynamics. In liquid bulk cargo, the port handles petroleum, oil & lubricants (POL), liquefied petroleum gas (LPG), and edible oils, with specialized terminals streamlining operations and solidifying its reputation as a reliable hub for liquid bulk trade. Containerized cargo has also seen significant growth, with traffic reaching 1.96 lakh TEUs in FY 2023-24, a 6% increase from the previous year, driven by upgrades like Berth 14, which allows the simultaneous handling of two vessels under a public-private partnership (PPP) model, reducing turnaround times and enhancing efficiency. Additionally, the port’s adoption of RFID-based gate automation and automated weighbridges has optimized cargo movement, setting new benchmarks in precision and speed. Containerized cargo: A growing segment As global trade increasingly relies on containerized cargo, NMP has adapted and innovated. Dedicated container facilities have attracted major shipping lines like CMA CGM and MSC, pioneering direct calls to routes spanning the Middle East and Africa. However, many EXIM containers are still routed through transshipment hubs like Colombo and Mundra due to limited direct mainline services. To address this, NMP is engaging with stakeholders to expand direct container services and tap into emerging global trade routes. Strategic investments in container handling infrastructure underscore NMP’s commitment to diversifying its cargo portfolio and reducing dependency on traditional transshipment hubs. By continuously upgrading its facilities and leveraging technological advancements, NMP ensures it remains at the forefront of containerized trade. EXIM trade scenario: Connecting Karnataka to the World NMP is a vital gateway for Karnataka’s export-import (EXIM) trade, connecting industrial and agricultural hubs like Bengaluru, Mysuru, and Mangalore to global markets. Karnataka’s hinterland, rich in agricultural produce and manufactured goods, relies on NMP for seamless trade. Key exports such as coffee, marine products, and gherkins find their way to international markets through NMP. Meanwhile, the port handles essential imports like cashew, chemicals, and tiles. Road and rail connectivity: Challenges and initiatives: Efficient last-mile connectivity is critical to NMP’s success. The incomplete widening of NH-75, the vital highway linking Mangaluru to Bengaluru, remains a significant impediment. This issue increases transit times and logistics costs for exporters and importers. On the rail front, the single-track line across the Western Ghats and double freight charges undermines cost-effectiveness. In response, NMP is collaborating with state and central governments to prioritize key infrastructure projects, including the widening of NH-75, the development of dedicated freight corridors, and the doubling of the Hassan-Mangaluru rail line. These initiatives aim to reduce congestion, lower logistics costs, and enhance connectivity to Karnataka’s industrial hubs. Surrounding industries: A catalyst for growth NMP’s economic vitality is closely linked to the robust industries in its hinterland. The region is a thriving ecosystem of agriculture, chemicals, and manufacturing. For instance, NMP is a major export hub for coffee, serving industry giants like Sucden Coffee and Tata Coffee. The port’s strategic location has also made it a focal point for port-led industrialization. Plans to develop logistics parks and free trade warehousing zones (FTWZs) in the vicinity are set to stimulate local economic activity, attract investments, and generate employment opportunities. Future growth prospects: A vision for 2047 NMP has laid out an ambitious roadmap to transform into a “Mega Port” by 2047, in line with India’s Maritime Vision. Short-term plans focus on enhancing cargo handling capacity and streamlining operations through infrastructure upgrades and digitalization. Medium-term goals include deepening navigation channels and attracting more direct mainline calls from global shipping lines. Long-term ambitions are even more transformative. NMP envisions establishing a comprehensive ship repair facility, integrating AI and IoT technologies for operational automation, and shifting toward 100% green fuels to achieve carbon neutrality. These initiatives aim to boost operational efficiency and position NMP as a leader in sustainable maritime logistics. Sustainability initiatives: Leading the green revolution Environmental stewardship is central to NMP’s operations. The port runs entirely on solar energy, thanks to its 5.19 MW solar power plant. Shore-toship power systems allow vessels to plug into the local electrical grid while berthed, minimizing emissions. Water conservation and waste management are also priorities. NMP’s rainwater harvesting system collects 1.31 lakh kilolitres of water, and its 1.2 MLD sewage treatment plant recycles wastewater for industrial and landscaping use. These initiatives reduce the port’s environmental footprint and contribute to regional sustainability goals. Cruise tourism: A new frontier Recognizing the potential of cruise tourism, NMP is developing stateof-the-art infrastructure to attract international and domestic cruise liners. Berth 4 has been designated as a dedicated cruise berth, equipped with modern amenities like an airconditioned lounge, immigration counters, and duty-free shopping facilities. Initiatives such as helitaxi services are being introduced to connect cruise passengers with popular tourist destinations like Jog Falls, Belur, and Halebeedu. Each cruise visitor is estimated to contribute significantly to the local economy, with projected expenditures on shore excursions ranging between US100toUS100toUS150 per passenger. This emerging segment diversifies NMP’s revenue streams and supports local businesses. The role of technology and digitalization NMP is harnessing cutting-edge technologies to optimize operations. RFID-based access control systems and automated weighbridges have streamlined cargo handling, reduced delays and increasing efficiency. AIpowered cargo management systems and predictive analytics enable proactive decision-making. Blockchain technology is being explored to create a secure, transparent documentation process, accelerating clearance procedures and ensuring smooth cargo flow. Investment opportunities: A hub for PPPs NMP is actively inviting investments through Public-Private Partnerships (PPPs) to enhance infrastructure and services. Successful PPP models include Berth 14 for container handling and Berths 15 and 16 for coal operations. Future opportunities include developing Berth 17 as a deep-draft container terminal and establishing LNG bunkering facilities. Plans for port-led industrialization, including logistics parks and FTWZs, are set to attract private sector investment, stimulate regional economic activity, and position NMP as a central node in India’s economic development strategy. A bright future ahead As NMP charts its course for the future, its influence extends far beyond its physical infrastructure. The port is a vital conduit for international trade, a beacon of sustainability, and a driver of technological innovation and community development. With a strategic location, diversified cargo handling capabilities, and a visionary plan to transform into a Mega Port by 2047, NMP is set to play an indispensable role in India’s maritime sector. For businesses, investors, and policymakers, the opportunities presented by NMP are transformative. Its focus on digitalization, sustainability, and infrastructure enhancement ensures it remains competitive globally while fostering regional prosperity. As global trade patterns shift and new maritime technologies emerge, NMP’s story will continue to inspire innovation and drive economic growth across Karnataka and beyond. With visionary leadership, robust infrastructure, and an unwavering commitment to excellence, New Mangalore Port is more than just a maritime facility—it is a gateway to global trade and regional prosperity, poised to usher in a new era of economic dynamism and sustainable development.
port-and-ship
Mar 12, 2025
maritime gateway
Wista Board Will Meet In India With Emphasis On Environmentally Friendly Shipping
The Women’s International Shipping and Trading Association (WISTA) International Board will hold its mid-term meeting in India. This landmark event underscores WISTA’s dedication to fostering diversity, inclusion, and leadership in the global maritime, trading, and logistics sectors. To commemorate this historic occasion, WISTA India is hosting its first WISTA International EXCO Conference, titled “Navigating Change: The Future of Sustainable Shipping,” on 9th April 2024. This conference will explore the maritime industry’s critical challenges and opportunities, particularly in driving environmental sustainability. Leaders, innovators, and professionals from around the globe will come together to discuss cutting-edge strategies, share insights, and collaborate on transforming maritime operations into greener, more resilient systems. Summiit Cheema Sharma, WISTA India President expressed her thoughts on the event, stating: “It is an honour and a privilege for WISTA India to be hosting its first WISTA International ExCo mid-term conference in India. India is the ideal venue for such an event, as the economy is swiftly transitioning to sustainable shipping by using renewable energy, alternative fuels, and other technologies to reduce emissions. India has plans to set up a Maritime Development Fund to help manufacture green vessels and ports. It has already undertaken green shipping under government policies such as the National Biofuel Policy and Methanol Policy, so it is set to create a future that is sustainable and facilitates global seaborne trade. Elpi Petraki, President of WISTA International, emphasized the significance of this event, stating: “India is a vibrant hub for the maritime industry, and it is an honour for the WISTA International Board to meet here for the first time. This visit highlights the vital contributions of women in maritime and reaffirms our dedication to advancing diversity and inclusion worldwide.” The conference serves as a platform to celebrate and amplify the pivotal role women play in shaping the future of maritime sustainability, while also charting a course for a more inclusive and greener industry.
port-and-ship
Mar 12, 2025
maritime gateway
Hapag-Lloyd Strengthens European Presence With Majority Stake In French Port Terminal
Hanseatic Global Terminals (HGT) successfully completed the acquisition of 60% of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container terminal in Le Havre, France, as an independent company for its customers worldwide. The remaining 40% of the shares in CNMP LH will continue to be held by Seafrigo Group, a company specialized in temperature-controlled food logistics. The contracting parties have agreed to not disclose any financial details of the transaction. Le Havre numbers among the 10 largest ports in Europe, is the most important port for sea transport to and from France with an annual container throughput of 3 million TEU, and offers excellent hinterland connections to Paris. The container throughput of the CNMP LH terminal is expected to grow in the coming years – including in the attractive reefer container business. “By acquiring a majority stake in the CNMP LH terminal in Le Havre, we are strengthening our position in one of our core European markets. At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency. The transaction will therefore directly contribute to the vigorous realisation of our Strategy 2030,” said Dheeraj Bhatia, Chief Executive Officer (CEO) of Hanseatic Global Terminals (HGT). “We are very pleased to have a strong partner at our side in Hanseatic Global Terminals, with whom we will continue to modernize the CNMP LH terminal in Le Havre. This will significantly raise the profile of our joint terminal as an important gateway for container transports in the Port of Le Havre,” said Eric Barbé, President of Seafrigo Group. Terminal and infrastructure investments represent a crucial component of Hanseatic Global Terminals’ strategic agenda, aiming at further developing its portfolio to expand to more than 30 terminals by 2030.
port-and-ship
Mar 12, 2025
maritime gateway
Government Considers Exporter Incentives To Lessen Possible Effects Of Reciprocal Tariff: Report
Commerce and Industry Minister Piyush Goyal is set to meet export promotion councils to discuss trade concerns following his trip to Washington for talks with US officials. Commerce and Industry Minister Piyush Goyal recently held trade talks in Washtington, weeks before US President Donald Trump’s planned reciprocal tariffs take effect. The Union government is considering additional incentives for exporters to stem a decline in exports and cushion the impact of potential reciprocal tariffs from the United States. While the government has yet to finalise the specifics, Rs 2,250 crore allocated for the Export Promotion Mission in Budget 2025-26 has room to accommodate new measures as the schemes remain to be notified, according to the report. India’s merchandise exports have fallen for three consecutive months. Shipments in January stood at $36.43 billion, down from $37.32 billion a year earlier. In December, exports stood at $38.01 billion, compared with $38.39 billion in December 2023, while November’s exports fell to $32.11 billion from $33.75 billion a year ago. Commerce and Industry Minister Piyush Goyal is set to meet export promotion councils on Thursday to discuss trade concerns, days after returning from Washington, where he held talks with US officials. Goyal’s US visit was sudden, as he cancelled scheduled meetings to make the trip, Reuters reported, citing officials familiar with the matter. The visit comes as US President Donald Trump has proposed imposing reciprocal tariffs starting in April on trading partners, including India, raising concerns among Indian exporters in sectors such as automobiles and agriculture. India has resisted pressure to lower tariffs on agricultural imports, citing the need to protect millions of small farmers, though it has shown willingness to reduce duties on industrial goods such as automobiles and chemicals. The country has already cut tariffs on several items, including lowering duties on high-end motorcycles to 30% from 50% and reducing the levy on bourbon whiskey to 100% from 150%. The US has been India’s largest trading partner between 2021 and 2024 and remains one of the few nations with which India maintains a trade surplus. In 2023, US-India bilateral trade in goods and services totalled $190.08 billion, with India’s merchandise exports to the U.S. reaching $83.77 billion and imports at $40.12 billion, leaving a $43.65 billion trade surplus in India’s favour. The government told Parliament that both countries aim to enhance market access, reduce tariff and non-tariff barriers, and strengthen supply chain integration to boost trade ties. In a written reply to Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said the two nations are working toward a mutually beneficial, multi-sector bilateral trade agreement. The Trump administration has set an April 2 deadline for implementing reciprocal tariffs.
port-and-ship
Mar 12, 2025
maritime gateway
Jnpa Takes A Step Forward In Agro-Trade With Concession Agreement For Port Led Agro Processing Facility
Jawaharlal Nehru Port Authority (JNPA) has signed the Concession Agreement with SPV floated by Trident Agrocom Exports Private Limited and Man Infraconstruction Limited (Consortium) for the development of an Export-Import cum Domestic Agricultural Commodity-Based Processing and Storage Facility at JNPA. The project, valued at approximately Rs. 285 Crores, will be developed under the Public-Private Partnership (PPP) mode on a Design-Build-Finance-Operate-Transfer (DBFOT) model. Unmesh Sharad Wagh, IRS, Chairperson of JNPA, stated that the signing of this agreement marks a significant step in enhancing port-led industrial development. Chairman highlighted that since there is no integrated agro-based storage and processing facility in any Indian port currently, this project has been conceptualized as first of its kind facility and at par with global facilities which will strengthen agro-trade, create new business opportunities, and boost India’s agricultural exports. He further reaffirmed JNPA’s commitment to developing world-class infrastructure to strengthen the logistics and supply chain ecosystem. The proposed first of its kind state-of-the-art facility, planned on 27 acres of land at JNPA, is free from Environmental Clearance (EC) and Coastal Regulation Zone (CRZ) constraints. It is designed to handle approximately 1.2 million tonnes of agricultural commodities annually, ensuring efficient processing, sorting, packing, and laboratory testing to meet food safety and trade compliance standards. The facility will offer comprehensive storage solutions, including cold storage, pre-cooling, frozen storage, and dry warehouses under one roof, which will significantly reduce post-harvest losses. It will cater to a diverse range of agricultural commodities, including perishable goods like meat, fresh fruits, and vegetables, as well as non-perishable items such as non-basmati rice, maize, and marine products and spices. The facility will leverage advances technology, including shelf-life enhancement techniques, modern preservation methods, and automated processing systems to ensure optimal quality, reduce post-harvest and transit losses and enhance the efficiency of agricultural trade. To support seamless logistics, the facility will also include an export packhouse, extensive loading and unloading zones, administrative facilities, and green spaces for sustainability. Also to improve the overall efficiency of the facility and the Port, facilities including custom clearances and food testing and certification are envisaged to be provided in the facility. This facility will also act as a local distribution hub for the domestic and the import agricultural commodities. In December 2024, JNPA issued the Letter of Award to Trident Agrocom Exports Private Limited and Man Infraconstruction Limited (Consortium). This landmark initiative is expected to play a pivotal role in reducing post-harvest losses, ensuring food safety compliance, and boosting agricultural exports, thereby strengthening India’s global agricultural trade. This facility will also promote movement of agricultural commodities through coastal routes.
port-and-ship
Mar 12, 2025
maritime gateway
Lok Sabha Passes Bill On Legal Framework For Issuing Bills Of Lading For Shipment
The Lok Sabha passed The Bills of Lading Bill which seeks to provide a legal framework for the issuance of bills of lading with the government asserting that it will prevent any uncertainty amongst the investors. Amendments moved by some opposition members were rejected by a voice vote. According to legislative think-tank PRS Legislative, a bill of lading refers to a document issued by a freight carrier to a shipper. It contains details such as the type, quantity, condition and destination of goods being carried. Responding to a debate on the bill, Ports and Shipping Minister Sarbananda Sonowal explained that the bill of lading is evidence of a contract and is a legal document. It actually is not a contract. It seeks to replace the Indian Bills of Lading Act, 1856. The minister said the measure has been prepared using modern day drafting procedures and is aimed at facilitating stakeholders.
port-and-ship
Mar 11, 2025
maritime gateway
Parliamentary Panel On Railways Calls For Ppp Push
In order to reduce the dependence of gross budgetary support (GBS) from the central government, the parliamentary standing committee on railways has asked the ministry of railways to increase its focus on public private partnership (PPP) projects. “The committee feels that Railways need to be more ambitious with regard to private sector participation in railway infrastructure and set higher PPP targets to reduce their dependence on government for budgetary support,” it said in a report. Over the past few years, the railways has been receiving record GBS to support the expansion and modernisation of rail network. For instance, in FY26, the annual plan has been kept at Rs 2.65 lakh crore, which is the similar to the previous financial year. At the same time, other erstwhile prominent sources of funding – PPP, financing through state-run IRFC – has gone down to almost nil. For instance, in FY26, the railways is funding over 95% of its capex through GBS in comparison to less than 5% through “other sources” (extra budgetary resources – partnerships). Even though the standing committee has noted that market borrowing (from IRFC) for capex increases financial liabilities as it entails debt servicing from its revenues, it has asked railways ministry to find ways to increase private sector participation in the creation of railway infrastructure. Further, the committee has said to fast-track the work on the proposed dedicated freight corridors. For instance, the DFCCIL (Dedicated Freight Corridor Corporation of India) has submitted detailed project reports (DPRs) for three new corridors, including east-coast corridor, east-west corridor and north-south sub-corridor. But the railways ministry has said that the sanctioning of these corridors depends on factors like traffic volume, techno-economic feasibility and financial viability. The standing committee said that the ministry should fast track its studies on these aspects so that the work can be initiated on new DFCs without further delay. “The committee also urge that the work on the remaining portion of the WDFC (western dedicated freight corridor) be completed within the time frame decided without further extension of date,” the report said.
port-and-ship
Mar 11, 2025
maritime gateway
Vadhvan Port Will Be Operational By 2030: Ajit Pawar
The Vadhvan port in Palghar district of Maharashtra will be operational by 2030, Finance Minister Ajit Pawar announced on Monday as he tabled Maharashtra Budget 2025 in the legislative assembly. Maharashtra deputy CM and state Finance Minister Ajit Pawar presented his 11th budget. Ajit Pawar presented a Rs 7,20,000 crore budget for 2025-26 with a revenue deficit of Rs 45,891 crore in the state legislative assembly. Ajit Pawar said that Maharashtra`s new industrial policy will focus on Rs 40 lakh crore investment and generation of 50 lakh jobs. The Mumbai Metropolitan Region is being developed as a growth hub, and it will have a $1.5 trillion economy by 2047, Pawar said in his budget speech. “Vadhvan port in Palghar will be operational by 2030,” the minister said, adding the third airport for Mumbai is proposed near the Vadhvan port and a station of the Mumbai-Ahmedabad bullet train will also be near the port. In his budget speech, Ajit Pawar also announced a night landing facility at Shirdi airport soon. He also said domestic flights will operate from Navi Mumbai International Airport from next month, adding that 85 per cent of the work has been done and trials successfully conducted. Also, the Mumbai Metro service will link Mumbai`s Chhatrapati Shivaji Maharaj International Airport with the Navi Mumbai International Airport, Ajit Pawar added. Ajit Pawar stated that the government is actively working to attract investments in the industrial sector, leading to significant investments in the state. Maharashtra continues to lead in industrial development and ranks first in the country in terms of foreign direct investment (FDI). During the World Economic Forum held in Davos in January 2025, the state government signed Memorandums of Understanding (MoUs) with 63 companies.
port-and-ship
Mar 11, 2025