Tag: Maritime Development Fund
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India’s Maritime Amrit Kaal Vision 2047: Charting the Course to Global Leadership in Shipping
India is on the cusp of a transformative journey to establish itself as a global maritime powerhouse by 2047. This ambitious goal is driven by significant investments and strategic initiatives aimed at revolutionizing the maritime sector. Union Minister Sarbananda Sonowal has repeatedly emphasized this vision, outlining a comprehensive roadmap for achieving this objective. Vision 2047:…
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India’s Maritime Development Fund: Transforming the Nation’s Shipping and Maritime Sectors
India’s Maritime Development Fund: A Paradigm Shift in the Shipping and Maritime Sectors Introduction to Maritime Development Fund The newly announced ₹25,000 crore Maritime Development Fund represents a significant initiative by the Indian government, aimed at revitalizing the nation’s maritime landscape. As outlined in the proposals associated with the 2025 Budget, this fund is poised…
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“India’s Maritime Development Fund: Charting a Course for Global Maritime Leadership”
Introduction to India’s Maritime Development Fund The establishment of India’s Maritime Development Fund marks a significant milestone in the nation’s maritime journey. Announced recently during the Union Budget, the fund has a corpus of approximately ₹25,000 crore (about $3 billion) [Source: Reuters]. The primary objective of this fund is to provide long-term financing for the…