Latest news with #MaritimeVision2030
Fibre2Fashion
02-06-2025
- Business
- Fibre2Fashion
India's port volumes rise 3.4% in FY25, outlook steady for FY26: ICRA
India's port sector recorded a 3.4 per cent year-on-year (YoY) growth in overall cargo volumes in fiscal 2025 (FY25), moderating from 7.5 per cent growth in fiscal 2024 (FY24). The increase was primarily driven by an 11 per cent surge in container volumes and a 3 per cent rise in petroleum product shipments. India's port sector saw 3.4 per cent YoY cargo growth in FY25, led by an 11 per cent rise in containers and 3 per cent in petroleum products, while coal volumes fell 3 per cent. Infrastructure push under Maritime Vision 2030 continues, with rising capex and consolidation. FY26 cargo is expected to grow 3â€'5 per cent, driven by containers and fertilisers. The trend of cargo containerisation continues to gain traction, though volumes remain vulnerable to global geopolitical tensions and container availability, ICRA said in a report. Coal cargo declined by 3 per cent YoY in FY25, as thermal power generation rose 2.8 per cent and domestic coal production increased nearly 5 per cent, reducing the need for imports, which fell by 8.6 per cent. The government continues to push infrastructure expansion in line with Maritime India Vision 2030, with significant capital expenditure planned to enhance port capacity. While project execution is set to accelerate, rapid capacity addition may create supply-demand mismatches in certain regions, increasing competition and price pressures. Sector consolidation has also been ongoing, with larger groups acquiring smaller or standalone port operators—a trend expected to persist. Looking ahead, cargo volumes are projected to grow by 3 to 5 per cent YoY in fiscal 2026 (FY26), driven by continued strength in container and fertiliser shipments. The POL (petroleum, oil and lubricants) segment is expected to grow 2 to 4 per cent. Fibre2Fashion News Desk (HU)
New Indian Express
29-04-2025
- Business
- New Indian Express
India, Rotterdam Port plan green, digital corridor for clean energy exports to Europe
NEW DELHI: The visit of Commerce Secretary Sunil Barthwal to the Netherlands has laid the groundwork for setting up a green and digital corridor between the Port of Rotterdam and Indian ports for the export of green hydrogen to Europe, an official statement said on Tuesday. The commerce ministry said that huge opportunities are there for enhancing cooperation between Indian ports and the Netherlands' Port of Rotterdam in areas such as digitalisation, green shipping, and logistics optimisation, to boost bilateral trade. During the visit, Barthwal held discussions in this regard with the CEO of the Port of Rotterdam authority Boudewijn Siemon. The Rotterdam port is Europe's largest and one of the world's most advanced ports. Both sides discussed opportunities in the areas including knowledge sharing, technology transfer, and sustainable port management practices. In the meeting, Barthwal highlighted the potential for collaboration in modernising Indian ports, aligning with India's Maritime Vision 2030, which aims to enhance port capacity and logistics efficiency. Both sides expressed interest in deepening ties through joint initiatives in port digitalisation, green shipping, and logistics optimisation, which are critical to boosting bilateral trade flows, the commerce ministry said. "The visit laid the groundwork for setting up of a Green and Digital Corridor between the Port of Rotterdam and Indian ports like the Deendayal Port Authority Kandla, and export of Green Hydrogen and carriers like Ammonia and Methanol from India to Europe, with the Port of Rotterdam acting as a gateway to Europe," it said. He also met ASML, a global leader in photolithography systems for the semiconductor industry, CEO Christophe Fouquet, and discussed deepening India-Netherlands cooperation in the sector. "The discussions focused on leveraging ASML's expertise to support India's ambitions to become a global semiconductor manufacturing hub," it added. The secretary also visited Croatia last week and held deliberations with Zdenko LuciÄ, State Secretary for Foreign Trade and Development, Ministry of Foreign and European Affairs, and Ivo MilatiÄ, State Secretary, Ministry of Economy. The two sides discussed the progress of talks for the proposed free trade agreement between India and the European Union.
Economic Times
29-04-2025
- Business
- Economic Times
India, Netherlands discuss ways to address trade barriers, logistics issues
India and the Netherlands have discussed ways to advance strategic economic cooperation, foster policy alignment and address trade barriers to facilitate smoother market access for Indian and Dutch businesses. The issues were taken up during commerce secretary Sunil Barthwal's visit to Netherlands from April24–26 April to advance bilateral trade and economic cooperation between the two sides. The visit also laid the groundwork for setting up of a Green and Digital Corridor between the Port of Rotterdam and Indian ports like the Deendayal Port Authority Kandla, and export of Green Hydrogen and carriers like Ammonia and Methanol from India to Europe, with the Port of Rotterdam acting as a gateway to commenced his visit with a productive discussion with Michiel Sweers, Director General for Foreign Economic Relations, Dutch Ministry of Foreign Affairs, in The Hague, according to the commerce and industry ministry.'The discussions focused on strengthening bilateral trade and economic ties, inter alia, through setting up of the Joint Trade and Investment Committee (JTIC) mechanism,' the ministry said in a statement Tuesday. The meeting covered diverse issues of bilateral trade and economic relationship, advancing strategic economic cooperation, fostering policy alignment, and addressing trade barriers to facilitate smoother market access for Indian and Dutch businesses. 'The dialogue reaffirmed the shared commitment to creating a conducive environment for trade and investment, leveraging the complementary strengths of both economies,' it said, adding thatBarthwal held in-depth discussions on enhancing cooperation between the Indian ports and talks explored opportunities for knowledge sharing, technology transfer, and sustainable port management practices. A tour of the port facilities, including the fully automated APM Terminals at Maasvlakte II, provided insights into Rotterdam's state-of-the-art infrastructure and operational per the statement, Barthwal highlighted the potential for collaboration in modernizing Indian ports, aligning with India's Maritime Vision 2030, which aims to enhance port capacity and logistics efficiency.'Both sides expressed interest in deepening ties through joint initiatives in port digitalization, green shipping, and logistics optimization, which are critical to boosting bilateral trade flows,' it also visited Croatia where he held talks on advancing India-Croatia trade and investment relations, promoting sectoral collaboration, and reinforcing India's engagement with the Central European region with Zdenko Lucić, State Secretary for Foreign Trade and Development, Ministry of Foreign and European Affairs, and Ivo Milatić, State Secretary, Ministry of meetings come ahead of Prime Minister Narendra Modi's Europe visit to Croatia, Netherlands and Norway in May. With Croatia, the talks centered around taking forward the EU-India Free Trade Agreement (FTA) and enhancing bilateral trade cooperation. The 11th round of negotiations for the proposed FTA between India and EU begin a May 12 in New per the ministry, Barthwal mentioned the areas of collaboration between the two countries like Railways, Global Capability Centers, Electric Vehicles and IT, among others. The Croatian side apprised about their interest of investment in Defence sector (about flagship products of India), solar cells production, food processing technology, automobiles, knowledge sharing amongst other sectors, it said.
Time of India
29-04-2025
- Business
- Time of India
India, Netherlands discuss ways to address trade barriers, logistics issues
India and the Netherlands have discussed ways to advance strategic economic cooperation, foster policy alignment and address trade barriers to facilitate smoother market access for Indian and Dutch businesses. The issues were taken up during commerce secretary Sunil Barthwal's visit to Netherlands from April 24–26 April to advance bilateral trade and economic cooperation between the two sides. #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats The visit also laid the groundwork for setting up of a Green and Digital Corridor between the Port of Rotterdam and Indian ports like the Deendayal Port Authority Kandla, and export of Green Hydrogen and carriers like Ammonia and Methanol from India to Europe, with the Port of Rotterdam acting as a gateway to Europe. Barthwal commenced his visit with a productive discussion with Michiel Sweers, Director General for Foreign Economic Relations, Dutch Ministry of Foreign Affairs, in The Hague, according to the commerce and industry ministry. 'The discussions focused on strengthening bilateral trade and economic ties, inter alia, through setting up of the Joint Trade and Investment Committee (JTIC) mechanism,' the ministry said in a statement Tuesday. Live Events The meeting covered diverse issues of bilateral trade and economic relationship, advancing strategic economic cooperation, fostering policy alignment, and addressing trade barriers to facilitate smoother market access for Indian and Dutch businesses. 'The dialogue reaffirmed the shared commitment to creating a conducive environment for trade and investment, leveraging the complementary strengths of both economies,' it said, adding that Barthwal held in-depth discussions on enhancing cooperation between the Indian ports and Rotterdam. The talks explored opportunities for knowledge sharing, technology transfer, and sustainable port management practices. A tour of the port facilities, including the fully automated APM Terminals at Maasvlakte II, provided insights into Rotterdam's state-of-the-art infrastructure and operational efficiencies. As per the statement, Barthwal highlighted the potential for collaboration in modernizing Indian ports, aligning with India's Maritime Vision 2030, which aims to enhance port capacity and logistics efficiency. 'Both sides expressed interest in deepening ties through joint initiatives in port digitalization, green shipping, and logistics optimization, which are critical to boosting bilateral trade flows,' it said. Barthwal also visited Croatia where he held talks on advancing India-Croatia trade and investment relations, promoting sectoral collaboration, and reinforcing India's engagement with the Central European region with Zdenko Lucić, State Secretary for Foreign Trade and Development, Ministry of Foreign and European Affairs, and Ivo Milatić, State Secretary, Ministry of Economy. The meetings come ahead of Prime Minister Narendra Modi's Europe visit to Croatia, Netherlands and Norway in May. With Croatia, the talks centered around taking forward the EU-India Free Trade Agreement (FTA) and enhancing bilateral trade cooperation. The 11th round of negotiations for the proposed FTA between India and EU begin a May 12 in New Delhi. As per the ministry, Barthwal mentioned the areas of collaboration between the two countries like Railways, Global Capability Centers, Electric Vehicles and IT, among others. The Croatian side apprised about their interest of investment in Defence sector (about flagship products of India), solar cells production, food processing technology, automobiles, knowledge sharing amongst other sectors, it said.
Mint
29-04-2025
- Business
- Mint
India, Rotterdam Port plan green, digital corridor for clean energy exports to Europe
New Delhi, Apr 29 (PTI) The visit of Commerce Secretary Sunil Barthwal to the Netherlands has laid the groundwork for setting up a green and digital corridor between the Port of Rotterdam and Indian ports for the export of green hydrogen to Europe, an official statement said on Tuesday. The commerce ministry said that huge opportunities are there for enhancing cooperation between Indian ports and the Netherlands' Port of Rotterdam in areas such as digitalisation, green shipping, and logistics optimisation, to boost bilateral trade. During the visit, Barthwal held discussions in this regard with the CEO of the Port of Rotterdam authority Boudewijn Siemon. The Rotterdam port is Europe's largest and one of the world's most advanced ports. Both sides discussed opportunities in the areas including knowledge sharing, technology transfer, and sustainable port management practices. In the meeting, Barthwal highlighted the potential for collaboration in modernising Indian ports, aligning with India's Maritime Vision 2030, which aims to enhance port capacity and logistics efficiency. Both sides expressed interest in deepening ties through joint initiatives in port digitalisation, green shipping, and logistics optimisation, which are critical to boosting bilateral trade flows, the commerce ministry said. "The visit laid the groundwork for setting up of a Green and Digital Corridor between the Port of Rotterdam and Indian ports like the Deendayal Port Authority Kandla, and export of Green Hydrogen and carriers like Ammonia and Methanol from India to Europe, with the Port of Rotterdam acting as a gateway to Europe," it said. He also met ASML, a global leader in photolithography systems for the semiconductor industry, CEO Christophe Fouquet, and discussed deepening India-Netherlands cooperation in the sector. "The discussions focused on leveraging ASML's expertise to support India's ambitions to become a global semiconductor manufacturing hub," it added. The secretary also visited Croatia last week and held deliberations with Zdenko LuciÄ, State Secretary for Foreign Trade and Development, Ministry of Foreign and European Affairs, and Ivo MilatiÄ, State Secretary, Ministry of Economy.
