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Alang-Gujarat’s ship recycling industry eyes 10% CAGR by CY28
As newer, more efficient vessels are introduced, older ships become increasingly unviable for operation.Read more
Ship-building clusters to be established in five states; Sarbananda Sonowal
The ministry projects that container handling capacity will reach 40 million TEUs (twenty-foot equivalent units) over the next five years, creating approximately 2 million job opportunities nationwide.Read more
Deccan Gold Mines Ltd.’s subsidiary DGMoZ, ships first lithium ore to China
The shipment, totalling 150 tons with a grade of 2.5% Li?O, marks DGML’s debut in the fast-growing lithium market.Read more
High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
Amazon to export $5 billion in small-ticket items from India in 2024
Companies such as Walmart are also scaling up their imports from India while decreasing their Chinese procurement.Read more
Marine Electricals inks MoU with Cummins India to manufacture naval ship pumps
In addition to their work in the naval sector, the MoU also aims to explore opportunities in the energy sector by offering power generation solutions.Read more
'Made in India' export surge draws major shipping lines to expand services
Global importers are increasingly seeking alternatives to China, with significant volumes of Indian exports including automobiles and polyethylene (PE) products. Read more
MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035
Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
Over 500,000 industrial robots shipped in 2023 globally
The industrial robot market growth trajectory is in line with global manufacturing output figures.Read more