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India would have its own maritime financier for Sagarmala Development

India would have its own maritime financier for Sagarmala Development

Asia
India would have its own maritime financier for Sagarmala Development

In order to finance marine projects both domestically and abroad, India’s Ministry of Port, Shipping, and Waterways (MoPSW) is on track to finish repositioning one of its biggest infrastructure development agencies into a non-banking financial firm.

As a Type-II NBFC (Non-Deposits-Investment and Credit Company), the Sagarmala Development Company Ltd. (SDCL) has applied f

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