Shipping Corporation of India (SCI) set to open subsidiary in IFSC, GIFT City
Shipping Corporation of India (SCI) is set to open a wholly-owned subsidiary in IFSC, Gift City, in Gandhinagar, Gujarat
State-run Shipping Corporation of India (SCI) is set to open a wholly-owned subsidiary in IFSC, Gift City, in Gandhinagar, Gujarat. It has received a nod from Niti Aayog and the Ministry of Ports, Shipping and Waterways. In a regulatory filing to the stock exchanges on Thursday, SCI said, “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 formation of wholly-owned subsidiary of Shipping Corporation of India Limited (SCI), a Navratna CPSE, at GIFT City.”
“It is further informed that the aforementioned proposal also has approval of the Ministry of Ports, Shipping and Waterways,” it added.
Source: PSU Watch
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