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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
VOC Port launches PortGPT app, becomes India’s first majo...
BL Chennai Bureau · 2026-06-24 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal with Susanta Kumar Purohit, Chairperson, VOC Port Authority, and other dignitaries during the release of the VOCPA Sustainability Report 2026 and MoU signing with Gati Shakti Vishwavidyalaya at Transport Bhawan, New Delhi, on June 23, 2026.

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal with Susanta Kumar Purohit, Chairperson, VOC Port Authority, and other dignitaries during the release of the VOCPA Sustainability Report 2026 and MoU signing with Gati Shakti Vishwavidyalaya at Transport Bhawan, New Delhi, on June 23, 2026. | Photo Credit: SHIV KUMAR PUSHPAKAR

The V.O. Chidambaranar (VOC) Port Authority in Thoothukudi on Tuesday launched PortGPT, a dedicated mobile application aimed at enhancing operational efficiency, knowledge management and data-driven decision-making, becoming the VOC port the first major port in India to deploy an enterprise-grade generative Artificial Intelligence platform through a mobile app.

The application was launched by Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, in Delhi, according to a release.

PortGPT is expected to improve access to information, streamline workflows and support the port’s long-term digital transformation initiatives.

VOC Port highlighted as model for sustainable maritime development

Speaking at the event, Sonowal said VOC Port has emerged as a model for sustainable maritime development in India, citing its progress in decarbonisation, renewable energy adoption and green infrastructure.

The Minister dedicated a series of sustainability, education and innovation initiatives at the port and highlighted findings from its first Sustainability Report. According to the report, renewable energy now offsets nearly 94 per cent of the port’s energy-consumption equivalent, while net carbon emissions have been reduced by around 45 per cent.

The report also noted that carbon intensity per tonne of cargo has fallen by nearly 50 per cent over the last four years, strengthening VOC Port’s position as a leader in India’s green maritime transition.

Green transition gains momentum with major sustainability milestones

VOC Port is demonstrating what can be achieved when infrastructure development is guided by sustainability, innovation and community welfare. The achievement of reducing net carbon emissions by 45 per cent is a significant milestone in India’s journey towards greener and more responsible maritime growth, Sonowal said.

He added that the initiatives align with the vision of Prime Minister Narendra Modi to build modern, sustainable and future-ready infrastructure while investing in people, technology and environmental stewardship.

IIM Calcutta case study released; MoU signed for maritime excellence

During the event, the Minister also released an academic case study titled The Hydrogen Pivot: Orchestrating the Green Transition at VOC Port, prepared by the Indian Institute of Management Calcutta. The study documents the port’s transformation from a conventional cargo hub into a green energy and sustainable maritime centre.

In another key initiative, VOC Port Authority signed a memorandum of understanding with Gati Shakti Vishwavidyalaya to collaborate on research, innovation, logistics education, skill development and sustainable port operations.

The partnership is expected to facilitate the establishment of a Centre of Excellence in Maritime Logistics and Port Management and create new opportunities for industry-academia collaboration, according to an official release.

Published on June 23, 2026