New Delhi, Varanasi has been selected as the pilot location for deployment of green hydrogen fuel cell inland vessels on National Waterway-I, in line with the government's green ferry guidelines, an official statement said on Friday.
I said, discussions are going on with potential players for facilities like bunkering.
It was also pointed out that due to its low emission properties, methanol is actively considered as one of the leading green fuels for EXIM vessels globally, as evidenced by the deployment of methanol-powered vessels by Maersk of the Ministry of Ports, Shipping and As seen in the recent case of Waterways (MoPSW) said in a statement.
Going forward, it was suggested to explore mechanisms for indigenous development of methanol marine engines in the country as a progressive step towards green transformation of inland vessels, the statement said.MOPSW in association with Cochin Shipyard Limited (CSL) and Inland Waterways Authority of India (IWAI) organized a two-day conference on 'Challenges and Possible Solutions in Inland Waterways and Shipbuilding' at Kochi on 23-24 April, in which various issues were discussed. were brought together. State departments, industry experts and stakeholders will deliberate on important issues in the maritime sector.
The session also discussed the financial needs of India's shipping sector, emphasizing the huge investment requirement of about Rs 70-75 lakh crore outlined in the Maritime Policy Vision 2047.
According to the statement, the ministry is actively working on setting up a dedicated maritime development fund similar to established regional financial institutions like Power Finance Corp Ltd, REC, IRFC etc.
It said, “The fund aims to address the unique and substantial funding needs of the maritime sector, enabling the implementation of specific initiatives such as shipbuilding, decarbonization, green energy adoption, technology innovation and manpower training and development .,
The statement also said the discussions underlined the country's heavy dependence on foreign fleets for cargo movement, resulting in significant foreign exchange expenditure.
I said, discussions are going on with potential players for facilities like bunkering.
It was also pointed out that due to its low emission properties, methanol is actively considered as one of the leading green fuels for EXIM vessels globally, as evidenced by the deployment of methanol-powered vessels by Maersk of the Ministry of Ports, Shipping and As seen in the recent case of Waterways (MoPSW) said in a statement.
Going forward, it was suggested to explore mechanisms for indigenous development of methanol marine engines in the country as a progressive step towards green transformation of inland vessels, the statement said.MOPSW in association with Cochin Shipyard Limited (CSL) and Inland Waterways Authority of India (IWAI) organized a two-day conference on 'Challenges and Possible Solutions in Inland Waterways and Shipbuilding' at Kochi on 23-24 April, in which various issues were discussed. were brought together. State departments, industry experts and stakeholders will deliberate on important issues in the maritime sector.
The session also discussed the financial needs of India's shipping sector, emphasizing the huge investment requirement of about Rs 70-75 lakh crore outlined in the Maritime Policy Vision 2047.
According to the statement, the ministry is actively working on setting up a dedicated maritime development fund similar to established regional financial institutions like Power Finance Corp Ltd, REC, IRFC etc.
It said, “The fund aims to address the unique and substantial funding needs of the maritime sector, enabling the implementation of specific initiatives such as shipbuilding, decarbonization, green energy adoption, technology innovation and manpower training and development .,
The statement also said the discussions underlined the country's heavy dependence on foreign fleets for cargo movement, resulting in significant foreign exchange expenditure.
