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India set to anchor green shipping future; Bharat Global Ports, Bharat Container Shipping Line to lead global maritime ambitions: Sarbananda Sonowal
- India's green shipping future is set to be anchored by Bharat Global Ports Consortium and Bharat Container Shipping Line, aiming to lead global maritime ambitions.
- The Ministry is developing three major ports as green hydrogen hubs, with private sector participation seen in projects at Deendayal Port, Paradip Port, and VO Chidambaranar Port.
- Infrastructure for green hydrogen projects, such as common electrical infrastructure and desalination plants, will be provided by the ports.
- Financial incentives under the Shipbuilding Financial Assistance Policy aim to promote green shipbuilding activities, including higher assistance for green fuel-propelled vessels.
- The Green Tug Transition Programme and the extension of the shipbuilding financial assistance scheme are efforts to reduce carbon emissions in maritime operations.
- The Bharat Global Ports Consortium, led by India Ports Global Ltd, Indian Port Rail & Ropeway Corporation Ltd, and Sagarmala Development Company Ltd, will oversee international port and terminal development.
- The Bharat Container Shipping Line (BCSL) initiative, under the Shipping Corporation of India, aims to boost India's container shipping industry to enhance trade resilience and reduce foreign dependence.
- BCSL plans to own and lease large container vessels to SCI to improve its global competitiveness, as the national carrier currently lacks vessels of the required capacity.
- The Bharat Global Ports Consortium and BCSL projects signify India's strategic focus on expanding its maritime presence and fostering self-reliance in the shipping sector.
- The projects aim to contribute to India's economic growth and support national initiatives like Sagarmala for port and shipping infrastructure development.
- The Bharat Global Ports Consortium's scope includes identifying international port development projects, while SDCL's transition into an NBFC is expected by June 2025.
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