Bangas buy India’s International Maritime Institute

The Banga family, who own Hong Kong’s Caravel Group and Fleet Management, have bought India’s International Maritime Institute (IMI) for an undisclosed sum.

‘Established in 1991, the IMI in Noida near New Delhi, specialises in pre-sea training for cadets.

Acknowledging what is described as an “urgent challenge” to attract and develop young talent to sustain global shipping operations, the Caravel Group said today it is committed to preserving IMI’s legacy while investing in curriculum enhancements, faculty development, and expanded career placement programs to maximise student success.

Angad Banga, COO of the Caravel Group, commented: “Our industry is undergoing rapid transformation, with digitalisation, automation, and sustainability reshaping the way ships are operated. IMI will play a crucial role in ensuring that seafarers are equipped with the skills they need to excel.”