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.
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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