To provide a fillip to the blue economy, the Maritime Amrit Kaal Vision 2047 was launched in October 2023. The long-term blueprint for the Indian maritime sector outlines strategic initiatives aimed at enhancing port facilities, […]
Growth in shipping fleet size The total number of vessels in the country recorded a CAGR of 4.78 per cent between 2003 and 2022. Currently, the country has a fleet size of 1,529, comprising 1,039 […]
The Indian shipping industry continues to face difficult times. Shipping companies are being forced to contend with plunging profits and ever-widening losses resulting from a long spell of weak freight rates. The government, however, is […]
India has a potentially navigable river network of about 14,500 km, of which about 2,968 km or 20.4 per cent is operational. The central government has declared five waterways as national waterways (NWs). Of these, […]
Intelligent use of inland water transport (IWT) can go a long way in reducing India’s logistics costs from the existing 14-15 per cent of gross domestic product to 9-10 per cent. Various projects are therefore […]
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