Govt implementing measures to boost domestic shipbuilding, says Sonowa
The Business Guardian|July 27, 2024
Union Minister of Ports, Shipping, and Water ways Sarbananda Sonowal informed the Lok Sabha on Friday about several government initiatives aimed at boosting the domestic shipbuilding industry.
Govt implementing measures to boost domestic shipbuilding, says Sonowa

The measures are part of a broader strategy to promote indigenous shipbuilding and modernize the sector through financial incentives and updated policies.

Financial Assistance for Green and Advanced Propulsion Systems

To encourage the adoption of environmentally friendly technologies, the government is providing substantial financial support for vessels that use green fuels. Under the new policy, vessels powered by green fuels such as Methanol, Ammonia, or Hydrogen fuel cells are eligible for a 30 percent financial subsidy. This initiative aims to reduce the carbon footprint of the maritime sector and align with global environmental standards.

هذه القصة مأخوذة من طبعة July 27, 2024 من The Business Guardian.

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 July 27, 2024 من The Business Guardian.

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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