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Ministry of Ports, Shipping and Waterways

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Date
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Any type4 Press release4
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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.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.

October 20263 items

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.

Who it affects
Not stated in the document
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.
Announcements & other updates

Government launches shipbuilding insurance and sets 2027 deadline for port reforms

The Ministry of Ports, Shipping and Waterways announced on 13 October 2026 that the 21st Maritime State Development Council meeting in Mumbai has set new targets for maritime growth. The government launched two credit risk insurance products, the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy–Shipbuilders for domestic projects, to protect shipyards from payment delays.

Who it affects
all ports; shipbuilders
When · Where
By 1 March 2027: implementation of ONOP reforms and integration with Maritime Single Window (+2 more) · Several states
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
13 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.
Announcements & other updates

Mormugao Port Authority and Stella Mary’s College partner for industry-academia collaboration

The Ministry of Ports, Shipping and Waterways announced on 9 October 2026 that the Mormugao Port Authority (MPA) and Stella Mary’s College of Engineering, Tamil Nadu, signed a Memorandum of Understanding (MoU) on 7 October 2026. The agreement aims to strengthen collaboration between industry and academia through knowledge-sharing and cooperation.

Who it affects
Mormugao Port Authority and Stella Mary’s College of Engineering
When · Where
On 7 October 2026: signing of the MoU · Goa and Tamil Nadu
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
9 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.