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Home > All news > Logistics, Port, Shipping > PMO launches New Maritime Strategy; to infuse Rs. 25,000 Cr into Port sector

PMO launches New Maritime Strategy; to infuse Rs. 25,000 Cr into Port sector

November 14, 2024
Reading Time: 2 minutes
95% of India’s trade by volume moves through coastal routes : DG Shipping

New Delhi - The Prime Minister's Office has greenlit a comprehensive three-pronged strategy aimed at advancing India's maritime sector, with a cornerstone initiative of channeling at least Rs 25,000 crore from the Maritime Development Fund (MDF) into port development.

The responsibility of expanding port capacities has been assigned to the Sagarmala Development Company Limited (SDCL), which will . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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