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India plans new shipping firm to expand fleet by 1,000 ships in next decade
PORTS & SHIPPING

India plans new shipping firm to expand fleet by 1,000 ships in next decade

The government plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia鈥檚 third-largest economy seeks a bigger chunk of revenue from surging trade. The yet-to-be-named firm will be jointly owned by state-run companies in the oil, gas and f...

The government plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, as Asia鈥檚 third-largest economy seeks a bigger chunk of revenue from surging trade. The yet-to-be-named firm will be jointly owned by state-run companies in the oil, gas and fertiliser industries. The new firm will be based at GIFT IFSC, in Gujarat which aims to compete with hubs such as Singapore, based on provision of incentives and a streamlined regulatory environment. It would draw seed capital from a maritime development fund of roughly Rs.300 billion the government plans to set up in a tie-up with major port authorities. Current estimates show that freight costs will rise to $400 billion as exports and imports get a boost by 2047.  

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Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

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Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

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Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

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