Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Economy News
Close

News on Indian Economy and Sectors, which have impacts in the market.

 
India eyes over 700 MTPA capacity creation by 2030
31-Jul-26 16:03Hrs IST

India is speeding up investments in ports, inland waterways, and shipbuilding as part of its Viksit Bharat 2047 plan, which focuses on expanding capacity, attracting private investment, digitization, and maritime manufacturing. Union Minister Sarbananda Sonowal chaired a review meeting to ensure that projects align with timelines, urging collaboration among officials from the Ministry, major ports, and the Inland Waterways Authority of India to meet long-term maritime goals.

The review highlighted notable achievements, including India becoming the largest ship recycling nation and surpassing the 200 million tonnes cargo mark in inland waterways earlier than expected. The Ministry aims to expand maritime infrastructure with a target of over 700 million tonnes per annum (MTPA) in additional port capacity by 2030. Key projects include Vadhavan Port (164 MTPA by 2030-31), Tuticorin Outer Harbour (39 MTPA), and the Kandla Tuna Tekra Terminal (33 MTPA by 2027-28).

To achieve these goals, the Ministry plans to add 682 MTPA by 2030 through new infrastructure and private investment, distributed across major and non-major ports and through operational enhancements.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise