Incentive engine set to power high-technology, green ships
Hindustan Times|November 16, 2024
India will provide additional incentives to encourage domestic shipyards to develop fuel-efficient and technologically advanced vessels as part of its ambitious plans to transform the country's shipping industry.
Subhash Narayan
Incentive engine set to power high-technology, green ships

The ports, shipping, and waterways ministry is finalising a cabinet note to provide a 25% subsidy for specialised vessels, and up to 30% for green vessels and other highly specialized ships, according to two persons aware of the matter.

These subsidies will be provided under the government's ₹18,000 crore shipbuilding financial assistance policy (SBFAP) 2.0, they said.

This policy will replace SBFAP 1.0, which was launched in 2016 for a 10-year period to incentivize shipbuilding. Under SBFAP 1.0, financial assistance provided to Indian shipyards for shipbuilding contracts was slashed from 20% in 2016 to 11%.

هذه القصة مأخوذة من طبعة November 16, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 16, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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