Caravel Group's Strategic Acquisition

In a significant move to bolster its maritime training capabilities, the Hong Kong-based Caravel Group has announced the acquisition of the International Maritime Institute. This leading maritime training institute, located in Greater Noida, is set to undergo upgrades aimed at enhancing the quality of maritime education and training in India.

India's Maritime Potential

India stands as one of the top global suppliers of seamen, trailing only the Philippines. Recognizing this, Caravel Group, which boasts a fleet of over 700 vessels, is keen on expanding its footprint in the Indian maritime sector. However, the group has pointed out challenges related to taxation and capital policies that currently limit the growth of Indian flag vessels.

Looking Ahead

With this acquisition, Caravel Group is not only aiming to elevate the standards of maritime training in India but also to ensure a greater number of Indian seamen are qualified to command ships. This move underscores the group's commitment to fostering maritime excellence and its strategic vision for the Indian maritime industry.