Warming Waters Heat Up Fishing Costs Along India’s Coast

by Colin Daileda (Thomson Reuters Foundation) Thankachan Polayalil has been a fisherman for 42 of his 65 years, long enough to remember when fish were visible from land, brimming just beyond the palm trees of the Malabar Coast. Now his boat is equipped with an echolocation machine, but fish still are hard to find – and the catch isn’t nearly as diverse. The anchovies are … [Read more...]

India State-Owned Garden Reach Shipbuilders IPO Shows Weak Response

Sept 26 (Reuters) - State-owned Garden Reach Shipbuilders & Engineers Ltd's initial public offering (IPO) to raise up to 3.45 billion rupees ($47.45 million) received weak response from investors with only 67 percent of the shares on offer being subscribed on the closing day on Wednesday. Investors bid for around 19.7 million shares of the defence shipbuilder, compared … [Read more...]

With Ports, Ships and Promises, India Asserts Role in Southeast Asia

By Raju Gopalakrishnan SINGAPORE, June 3 (Reuters) - Almost lost in the din of the upcoming U.S-North Korea summit and fresh tension between Washington and Beijing last week, India cemented its diplomatic and security ties across Southeast Asia in a clear challenge to China. It's not clear just how far New Delhi will take these relationships, given years of promise, and a … [Read more...]

Indonesia, India Plan to Develop Strategic Indian Ocean Port

By Agustinus Beo Da Costa JAKARTA, May 30 (Reuters) - Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister Narendra Modi to discuss, among other … [Read more...]