Inauguration of India's First Maritime NBFC - Sagarmala Finance Corporation Limited

Official Press

26 Jun 2025

Union Minister Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector, aimed at bridging financial gaps and supporting maritime infrastructure development. SMFCL will provide tailored financial solutions to various stakeholders, including ports, MSMEs, and startups, aligning with the Maritime Amrit Kaal Vision 2047.

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Key Diplomatic Updates from the Ministry of External Affairs

India-Sri Lanka HTA Workshop Commences for Health Technology Assessment

VOC Port Hosts Key Event on AI Advances in Maritime Operations

India Hosts Global E-Waste Study Tour for Circular Economy