How is India’s Maritime Sector Thriving at CMA CGM’s Headquarters in France?

Synopsis
Join us as we explore how India's maritime sector is flourishing, highlighted by T.K. Ramachandran's visit to CMA CGM's headquarters in France. Discover the exciting developments in shipping, shipbuilding, and logistics that are transforming India's maritime landscape and fostering global partnerships.
Key Takeaways
- Expansion of Indian-flagged fleet
- Collaboration in shipbuilding
- Investment in inland logistics
- Focus on sustainability
- Establishment of R&D hubs
New Delhi, June 14 (NationPress) In a significant display of India’s expanding maritime sector, T.K. Ramachandran, Secretary of the Ministry of Ports, Shipping and Waterways, recently visited CMA CGM's global headquarters located in Marseille, France. This visit follows Prime Minister Narendra Modi’s pivotal engagement with CMA CGM during his official visit to France in February of this year, as reported by the ministry.
During his time there, the Secretary had discussions with senior leaders from the CMA CGM Group, a prominent player in maritime, land, air, and logistics solutions, and received updates on the company’s growing operations in India, which encompass shipping, shipbuilding, container terminals, multimodal logistics, and other maritime industrial capabilities.
As outlined in a ministry statement, CMA CGM's leadership highlighted advancements since February under its India Strategy, which is based on five essential pillars: the expansion of the Indian-flagged fleet, collaboration in shipbuilding, development of inland logistics, investment in maritime industries, and fostering innovation.
As part of its initiatives, CMA CGM has launched its first Indian-flagged vessels, CC VITORIA and CC Manaus, and established a new Indian shipping entity at GIFT City, Gujarat.
In terms of shipbuilding, the Group is in advanced negotiations with Indian shipbuilding firms for LNG-powered container vessels. Significant investments in port and inland infrastructure are underway, including a $200 million expansion at Nhava Sheva Freeport Terminal and involvement in the Vadhavan Port project.
The company has also expressed interest in India’s ship recycling industry, especially in Alang, and is prepared to procure containers and green steel from India to align with global sustainability objectives.
Currently, CMA CGM employs over 2,200 digital professionals in India and is considering the establishment of maritime R&D and innovation hubs in major Indian cities.
This visit enabled a dialogue about the evolving maritime landscape and the potential for enhanced connectivity and innovation within the India-Europe corridor. An official statement noted, "The Secretary’s engagement in Marseille showcases India’s increasing collaboration with global maritime leaders and ongoing discussions with industry innovators who support the country's long-term vision for port and shipping development."