DoP, BSE sign MoU to expand Mutual Fund Access Across India (See 'Corp Brief') Cloud data centre capacity in India estimated to grow 4 to 5 times by 2030 (See 'Corp Brief') Scindia to address Gramin Dak Sevak Sammelan in Kolhapur (See 'Corp Brief') Semicon India Program developing complete ecosystem for Semiconductors (See 'Corp Brief') NITI Aayog releases report on Deepening the Corporate Bond Market in India (See 'Corp Brief') India showcases Green Hydrogen Mobility with NISE-Toyota Fuel Cell Vehicle Pilot (See 'Corp Brief') ESIC approves Annual Accounts, CAG Report, and Annual Report for 2024-25 (See 'Corp Brief') A&C - Difference or controversy as to rate of interest clearly falls outside scope of challenge on ground of conflict with public policy of India unless it is evident that rate of interest awarded is so perverse: SC (See 'Legal Desk') Goyal inaugurates NEST-02 at Santacruz Electronics Export Processing Zone (See 'Corp Brief') Steering Committee for PM Vishwakarma scheme approves several proposals (See 'Corp Brief') A & C - By awarding reimbursement for second regular meal & welcome drinks, arbitrator had created new contract between parties, amounting to breach of Sec 28(3), which is patently illegal and against public policy: SC (See 'Legal Desk') India's Food Revolution takes Centre Stage at Annapoorna Interfood 2025 (See 'Corp Brief') IBC - It is mandatory duty of RP to verify every claim received and maintain updated list of creditors with requisite details including amount admitted, claimed, and security interest: IBBI (See 'Legal Desk') NBA releases Rs.6.2 Crore as Access and Benefit Sharing funds to beneficiaries in 5 States (See 'Corp Brief') PMLA - Secured creditor can stake its claim by moving application before Special Judge, PMLA Court, even before conclusion of trial, if excess amount is realised during auction sale: SAFEMA (See 'Legal Desk') Gati Shakti Vishwavidyalaya & Amazon sign MoU to promote Knowledge Sharing (See 'Corp Brief') India-EU Ideathon on Marine Plastic Pollution concluded (See 'Corp Brief') IBC - Moratorium does not protect development rights under agreement that was validly terminated for corporate debtor's non-performance before initiation of insolvency proceedings: SC (See 'Legal Desk') 37 supercomputers with total computing power of 40 Petaflops deployed under NSM (See 'Corp Brief') Scindia highlights major expansion and modernisation of India Post Network (See 'Corp Brief') A&C - Objections to execution lie within narrow compass typically only where decree is inherently void or was rendered by a forum lacking jurisdiction and therefore cannot be used to frustrate final arbitral award: SC (See 'Legal Desk') Controller General inaugurates onboarding of MTNL Pensioners onto SAMPANN (See 'Corp Brief') Misc - Till matter is finally decided by trial court, subject matter of suit needs to be preserved: HC (See 'Legal Desk') PM-KUSUM registers Significant Progress: 10,203 MW Installed (See 'Corp Brief') Competition Law - If entities which participated in bid-rigging were cover bidders and not even present in relevant market, and their relevant turnover was nil, then their egregious nature of conduct attracts maximum penalty in terms of Sec 27(b): CCI (See 'Legal Desk') CCI okays proposed acquisition of certain stake in Schneider Electric India Pvt Ltd & Schneider Electric JV Holdings 2 Pte. Ltd. (See 'Corp Brief') CCI nod to proposed combination involving Curefit, Cultfit & Fitness First Luxembourg (See 'Corp Brief') SARFAESI - Provident fund dues must be paid out first from auction proceeds of defunct factory, ahead of claims of secured creditor (the bank), with remaining amounts to satisfy other debts: SC (See 'Legal Desk') India Post unveils Kerala's First Gen-Z Post Office Extension Counter at CMS College, Kottayam (See 'Corp Brief') Global Organic Market rises; India strengthens Exports with Revised NPOP (See 'Corp Brief') A&C - Mere use of term 'arbitration' in contractual clause does not by itself establish binding intent to arbitrate unless parties have clearly agreed to resolve their disputes through that process: SC (See 'Legal Desk') MOIL achieves Best-Ever November Production and Sales Performance (See 'Corp Brief') Power Minister commences COD of 250 MW 3rd Unit of Tehri Variable Speed PSP (See 'Corp Brief') Misc - Adequate treatment is available domestically, mere preference for foreign medical facility does not justify permitting accused facing serious economic-offence allegations to leave jurisdiction: HC (See 'Legal Desk') MoS flags Off Tirupati-Sainagar Shirdi Express (See 'Corp Brief') A&C - No party can invoke Section 11 after competent civil court has already rejected Section 8 application by holding that arbitration clause does not constitute arbitration agreement: HC (See 'Legal Desk') FAME outreach, Niveshak Didi scheme promoting safe banking practices: MoS (See 'Corp Brief') Rail Infra proposals Reviewed to Strengthen Integrated Logistics Network (See 'Corp Brief') IBC - Regulation 2B(3) will not justify unilateral forfeiture of entire Earnest Money Deposit, when scheme is rejected on technical grounds: IBBI (See 'Legal Desk') Smart Metering Adoption: 4.76 Crore Smart Meters installed (See 'Corp Brief') UDBHAV 2025: Telangana tops Medal Tally as Tribal Talent shines nationwide (See 'Corp Brief') PMLA - FIRs being fundamental documents based on which entire case was initiated by ED, failure to serve same is fatal omission on part of enforcement directorate: SAFEMA TRIBUNAL (See 'Legal Desk') Australia-India Education and Skills Council meeting to be held in New Delhi (See 'Corp Brief') RM appeals for generous contributions to Armed Forces Flag Day Fund (See 'Corp Brief') The Human Impact of Raipur-Vizag Corridor (See 'Corp Brief') A&C - Court's scope of inquiry u/s 11 is limited to prima facie examination of existence of arbitration agreement while adjudication u/s 8 is to be made for both existence & validity: HC (See 'Legal Desk') HM inaugurates newly-constructed Bio-CNG and Fertilizer Plant by Banas Dairy (See 'Corp Brief') NMDC signs MoU with IIT Kanpur to strengthen Cybersecurity (See 'Corp Brief') Misc - Decision of Lokpal cannot be challenged in judicial review if there is no procedural infirmity or irregularity in manner in which either CVC or Lokpal conducted inquiry: HC (See 'Legal Desk')

Print

Maritime State Development Council to drive Strategic Maritime Development and Sustainability

Published: Sep 13, 2024

By TIOLCorplaws News Service

NEW DELHI, SEP 13, 2024: UNION Minister of Port Shipping and Waterways, Sarbananda Sonowal, visited Mormugao Port to inspect the upcoming International Cruise Terminal. During his visit, he toured the construction site of the new terminal building and experienced the port's state-of-the-art facilities with a yacht ride. As part of the 'Ek Ped Maa Ke Naam' initiative, the Minister also planted a sapling in the premises of the Mormugao Port.

Additionally, he briefed the media about the 20th Maritime State Development Council (MSDC) meeting, which is set to take place today in Goa.

He mentioned, "Under the visionary leadership of Prime Minister Modi, MoPSW is advancing ambitious projects worth Rs 24,000 crore in Goa under Sagarmala  to transform India's maritime sector. The Maritime State Development Council will review the progress of these initiatives, including the Maritime India Vision 2030 and Amrit Kaal Vision 2047, as we align with our future targets. By bringing all stakeholders from coastal states together, MoPSW aims to create world-class infrastructure".

"With the new Cruise Terminal at Mormugao Port, we are setting a benchmark for excellence, aiming to provide the kind of facilities that will help us meet our target of 1.5 million cruise tourists by 2030", Sonowal added.

It is to be noted Sarbananda Sonowal, will preside over the 20th meeting of the Maritime State Development Council (MSDC), set to take place on 12th and 13th September 2024 in Goa. This crucial event will bring together Chief Ministers, Senior Ministers from Coastal States, and Administrators of Union Territories (UTs). Senior officials from all nine Coastal States, four UTs, and representatives from various Union Government Ministries and Departments will also be in attendance.

The 20th MSDC meeting will address several key maritime initiatives critical to India's maritime future. A primary focus will be the review of the Sagarmala Programme, assessing its progress and outlining future plans to drive port-led development. Strategic discussions will also be held on the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat, highlighting efforts to preserve and showcase India's rich maritime history. The development of the country's inland waterway network will be another major topic, with proposals aimed at enhancing cargo and passenger transport being evaluated.

Additionally, the meeting will deliberate on improving road and rail connectivity to ports, facilitating smoother movement of goods and passengers. Innovative state-led initiatives will also be showcased, including Kerala Maritime Board's strategies to monetize dredging activities, Gujarat Maritime Board's urban development projects linked to port activity, and Andhra Pradesh Maritime Board's comprehensive master plan for maritime growth. Environmental sustainability will be a key theme, with a special focus on reducing pollution at Goa Port by curbing the handling of dirty cargo, aligning with broader efforts to promote cleaner, more sustainable port operations and enhance Goa's appeal as a destination for both tourists and residents.

In addition to the above, discussions will be held on the compliance status of Major and Non-Major ports, strategic plans to boost the shipbuilding and ship repair industries, the review of Sagarankalan guidelines, and improvements to the port ranking system in India.

The MSDC, established in 1997, serves as the apex advisory body for the development of India's maritime sector. Its primary aim is to promote the integrated growth of Major and Non-Major ports in close coordination with State governments. The Council, chaired by the Union Minister for Ports, Shipping, and Waterways, comprises Ministers responsible for ports from all Maritime States, Administrators of UTs, and key stakeholders, including representatives from the Navy, Coast Guard, and other agencies.

This pivotal gathering reaffirms the government's commitment to advancing India's maritime infrastructure, boosting port connectivity, and fostering sustainable growth for the maritime sector. The integration of Minor Ports with Major Ports and new proposals for roads, railways, and Inland Water Transport (IWT) will pave the way for a robust maritime economy.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.