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Ministry of Ports, Shipping and Waterways

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Announcements & other updates

Maritime NBFC SMFCL aims for Rs 60,205 crore in disbursements by 2031

The Ministry of Ports, Shipping and Waterways announced on 23 October 2026 that the Sagarmala Finance Corporation Limited (SMFCL), India's first dedicated maritime Non Banking Financial Company, has opened its corporate office in New Delhi. SMFCL provides long-term financing for port-led development, shipbuilding, and coastal infrastructure, having already disbursed Rs 5,107 crore as of 30 September 2026.

Source details
Issued by
Ministry of Ports, Shipping and Waterways
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
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The original press release on the government website, in a new tab, unchanged.
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Drafted from the release text and checked by software. Not yet reviewed by a person.

October 20261 item

Announcements & other updates

India invites Polish companies to invest and innovate in green energy and technology

The Ministry of Ports, Shipping and Waterways announced on 22 October 2026 that Union Minister Sarbananda Sonowal has urged Polish firms to build and innovate within India rather than just selling to its market. Speaking at the India-Poland Business Forum, the Minister proposed creating a Startup Bridge, an Innovation Corridor, and an AI and Quantum Dialogue to strengthen ties in technology and manufacturing.

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When · Where
By 1 January 2030: target to generate 500 GW of non-fossil fuel power capacity (+2 more) · Across India
Source details
Issued by
Ministry of Ports, Shipping and Waterways
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
22 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.