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Russia has moved to expand its maritime ties with India, putting forward fresh proposals in shipbuilding as the two countries look to expand cooperation across the Indo-Pacific and the wider Indian Ocean Region. The new push came during consultations in New Delhi on Monday between Nikolai Patrushev, a close aide of Russian President Vladimir Putin…
Nearly 95 per cent of India’s trade by volume and around 70 per cent by value moves through maritime routes, underscoring the sector’s pivotal role in the country’s economy and competitiveness. A government press release cited by the agency highlighted that the maritime sector remains the backbone of India’s global trade and growth story.From crude…
The government has introduced the Shipbuilding Development Scheme (SbDS) with Rs.19,989 crore funding. (AI image) Prime Minister Narendra Modi-led Cabinet on Wednesday announced Rs 69,725 crore reforms in the shipbuilding and maritime development sector.The initiative aims to enhance India’s shipbuilding and maritime infrastructure. This strategic package incorporates four key elements focused on strengthening domestic capabilities,…
Image used for representative purposes NEW DELHI: In a move to build India’s maritime power, reduce dependence on foreign ships and be future-ready to face any supply chain disruption, Prime Minister Narendra Modi has announced three schemes entailing govt investment of over Rs 70,000 crore to boost the shipbuilding sector. These are a part of…
