Sagarmala Finance Corporation, a state-owned NBFC under the Ministry of Ports, Shipping and Waterways (MoPSW), announced plans for financing port infrastructure across India. It aims to mobilise private capital for the Sagarmala Programme targeting port-led development with projects worth over ₹6 lakh crore.
India
Sagarmala Finance Corporation – NBFC Under MoPSW for Port Infrastructure Financing
Key Points
- Sagarmala Finance Corporation, a state-owned NBFC under the Ministry of Ports, Shipping and Waterways (MoPSW), announced plans for financing port infrastructure across India
- It aims to mobilise private capital for the Sagarmala Programme targeting port-led development with projects worth over ₹6 lakh crore
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• Sagarmala Finance Corporation: NBFC under Ministry of Ports, Shipping and Waterways • Sagarmala Programme: port-led development; 4 pillars; >₹6 lakh crore • Ministry of Ports: Sarbananda Sonowal (2024 cabinet)
