Square Port Shipyard, Damen Partner to Boost Shipbuilding in India

17 Apr 2025 CW Team

Square Port Shipyard, a subsidiary of Hazoor Multi Projects Limited (HMPL), has signed an agreement with Damen Technical Cooperation BV to develop its shipyard in Dabhol (Ratnagiri), Maharashtra.

The partnership aims to enhance the shipyard鈥檚 capabilities to design, build, repair, and maintain ships for both domestic and international clients. Damen Technical Cooperation BV is a part of the Netherlands-based Damen Shipyards Group NV, known globally for its shipbuilding expertise and advanced maritime solutions.

Company officials described the tie-up as a significant milestone towards transforming Square Port Shipyard into a one-stop destination for shipbuilding and maritime services in India.

The shipyard already offers a broad range of associated maritime services. The collaboration will not only improve technical capacity but also contribute to local employment and industrial growth in the region.

This development aligns with India's broader push to strengthen its maritime infrastructure and become a global hub for sustainable shipbuilding and marine services.

Source: Maritime News

Image Source:money.rediff.com

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Infrastructure Urban

13 Jun 2025

Bharat InvITs Reveal Strong Growth, Rs7 Trillion AUM

The Bharat InvITs Association, the apex body representing Infrastructure Investment Trusts (InvITs) in India, has released its first consolidated industry update, offering a detailed snapshot of the sector鈥檚 performance and maturity. Presented by Chief Executive Officer Mr N. S. Venkatesh, the update highlights the evolution of InvITs as a robust infrastructure financing model within India's capital markets.As of 31 March 2025, the total assets under management (AUM) of public and private listed InvITs stood at Rs7 trillion, showcasing over 1,000 per cent growth since 2019. Over the past yea..

Infrastructure Urban

13 Jun 2025

Minda Corp, Toyodenso Form JV for Auto Switches in India

Minda Corporation Limited, the flagship of the Spark Minda Group, has entered into a joint venture with Japan-based Toyodenso Co. to manufacture advanced automotive switches for the Indian market. The new venture will offer end-to-end solutions encompassing design, development, manufacturing, and marketing of automotive switches across two-wheeler, passenger car, and other vehicle segments.Minda Corporation will hold a 60 per cent majority stake in the joint venture, with Toyodenso owning the remaining 40 per cent. The partnership has already secured customer orders in India. A greenfield faci..