May 7, 2026
Headlines

Maritime

Maritime India Foundation Launches Strategic Startup Incubation Program with IITs and IMU

Maritime India Foundation Launches Strategic Startup Incubation Program with IITs and IMU

Business News Desk03 mins mins

Building the Future of Maritime Innovation The Maritime India Foundation (MIF) has officially formalized a series of Memorandums of Understanding (MoUs) with leading Indian Institutes of Technology (IITs) and the Indian Maritime University (IMU) to accelerate domestic maritime technology development. Announced this week, this strategic partnership marks the transition of the Sagarmala Startup Innovation Initiative…

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Mazagon Dock Shipbuilders Acquires Colombo Dockyard in Strategic Expansion

Mazagon Dock Shipbuilders Acquires Colombo Dockyard in Strategic Expansion

Business News Desk03 mins mins

Strategic Acquisition Enhances Regional Maritime Capabilities State-owned Mazagon Dock Shipbuilders Limited (MDL) has successfully acquired Colombo Dockyard PLC (CDPLC) for ₹452 crore, marking a significant consolidation in the South Asian shipbuilding and repair sector. This transaction, finalized this week, integrates the Sri Lankan facility into the Indian defense giant’s operational network, aiming to bolster maritime…

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