Kushagra Tiwari, Gandhinagar: The Government of Gujarat has earmarked ₹50 crore as a token provision for setting up a Special Purpose Vehicle (SPV) for shipbuilding as part of its budget allocation for the Ports and Transport Department for the financial year 2026–27. ₹50 Crore SPV for Shipbuilding In a significant push to the maritime sector, the state government has proposed the establishment of a Special Purpose Vehicle (SPV) dedicated to shipbuilding, with an allocation of ₹50 cr...Read More

Gandhinagar: Gujarat has strengthened its position as a maritime powerhouse, with total cargo traffic through non-major ports operated by the Gujarat Maritime Board reaching 487 million metric tons in 2024–25, marking an 8.56 percent increase over the previous fiscal year, Governor Acharya Devvrat said while addressing the Gujarat Legislative Assembly at the start of the Budget Session on Monday. Quoting official figures, the Governor noted that Indian ports collectively handled around 1,593 ...Read More

Gandhinagar: The state Ports and Transport Department has issued a memorandum granting the Gujarat government’s in-principle approval for the creation of a special purpose vehicle (SPV) to undertake the development, operation and maintenance of over 40 ports owned and operated by the Gujarat Maritime Board (GMB). According to the memorandum dated December 31, 2025, the proposed SPV will have an equity structure of 51 per cent held by the GMB and 49 per cent by the state government. The SPV w...Read More

New Delhi: In view of growing threats along the Indian coastline, the Directorate General of Shipping (DGS) has directed all Indian ports, terminals, and ships to upgrade security measures from MARSEC Level-1 to MARSEC Level-2 with immediate effect. The move follows an advisory issued by the Ministry of External Affairs (MEA) and is part of broader national efforts to counter potential maritime threats. As per the official directive, all ports, terminals, and shipyards shall implement heighten...Read More