Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Anand Sharma News

09 Sep 2014

Indian Shipbuilding on the Road to Recovery

Indian shipbuilders buoyed by a renewed political will, a plan and funding to help the industry recover. It has been a long wait for the 28 shipbuilders in India to finally catch sight of  opportunities to sail back into the better financial waters. The newly elected Narendra Modi’s BJP’s party brought in a strong stable government, the first in nearly 30 years, and has given an unprecedented, massive boost in promoting Indian shipping in its recent Union Budget. Most industry stakeholders consider this to be a very positive and unexpected turn of events, as the previous succession of governments that have been largely unsupportive of all matters maritime, despite the industry crying itself hoarse for a level playing field to enable it to face cut-throat overseas competition.

14 May 2012

German Port 'Gateway to India' Celebrates Trade Link

The German trade hub recently opened the 'Gateway to India' at Hamburg's Port Anniversary, the world's largest port festival. Highlights of the 823th port anniversary included the spectacular christening ceremony of the AIDAmar, turning Hamburg's port into the world's largest baptismal font.. Trade relations between Hamburg and India date back to the 16th century. Hamburg is Germany's gateway to India: each year, 300,000 containers to and from India are handled in Hamburg; the trade volume approximates €1.3 billion. Hamburg and India maintain excellent relations in politics, business, science and culture. At the festival, about two million German visitors to the port festival gain an insight into this year's partner country.