Govt may back green ships, ports with VGF
Mint Mumbai|May 12, 2023
The incentives for the so-called Green Ship scheme may include viability gap funding (VGF), tax breaks and rebates, and priority for green ships at ports, the people cited above said on condition of anonymity.
Subhash Narayan
Govt may back green ships, ports with VGF

The Union government may provide financial incentives for eco-friendly shipping vessels and port projects to promote sustainability and carbon transition, two people aware of the plans said. The plan will be an extension of the Harit Sagar or green port guidelines issued by the shipping ministry on Wednesday.

The incentives for the so-called Green Ship scheme may include viability gap funding (VGF), tax breaks and rebates, and priority for green ships at ports, the people cited above said on condition of anonymity.

“The concept of VGF and other incentives for turning Indian ports green is under formulation and consideration. It should be rolled out soon to motivate the green culture at ports," one of the two people cited above said.

هذه القصة مأخوذة من طبعة May 12, 2023 من Mint Mumbai.

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 May 12, 2023 من Mint Mumbai.

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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