Shipping Corporation of India to form subsidiary at GIFT City

It is further informed that the proposal as mentioned earlier also has the approval of the Ministry of Ports.

Shipping Corporation of India to form subsidiary at GIFT City

State-owned Navratna CPSE has informed through exchange filing that it has been granted in-principle approval to form a wholly-owned subsidiary at GIFT City.

The Company has received Letter No. J/07-06-2024/E&FII dated 12.06.2024 from NITI Aayog communicating their concurrence regarding in-principle approval for the formation of the wholly-owned subsidiary of Shipping Corporation of India Limited (SCI), a Navratna CPSE, at GIFT City.

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It is further informed that the aforementioned proposal also has approval of Ministry of Ports, Shipping and Waterways, as per the company stated in an exchange filing.

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