Shipping to get infra status to push local shipbuilding
Hindustan Times Gurugram|January 06, 2025
The government may grant infrastructure status to the shipping industry to help improve India's position to the top five countries globally in shipbuilding and ownership by 2047, two persons aware of the development said.
Subhash Narayan

NEW DELHI:

The status would allow shipping entities to secure funds on easier terms with long-term repayment and low rate of interest from commercial banks. This would allow improved purchase of ships from Indian shipyards and raise Indian ownership.

The country currently ranks 18th globally.

According to the first of the two persons quoted above, the ministry of ports, shipping, and waterways (MoPSW) has asked the department of economic affairs (DEA) to consider providing infrastructure status for ships in the harmonised list of infrastructure, which could be announced as part of budget proposals on 1 February.

Bu hikaye Hindustan Times Gurugram dergisinin January 06, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Gurugram dergisinin January 06, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES GURUGRAM DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Gurugram

No Matter What I Do, My Son Will Always Be My Priority: Sania Mirza

The former tennis star on being a single mum and feeling a sense of responsibility in the public eye

time-read
1 min  |
January 07, 2025
Hindustan Times Gurugram

Sharvari named first-ever brand ambassador for Godrej Professional

Rising star and fashion icon Sharvari has been named the first-ever brand ambassador for Godrej Professional, a leading brand offering hair colour and care from the house of Godrej Consumer Products Ltd (GCPL).

time-read
1 min  |
January 07, 2025
Hindustan Times Gurugram

Tough questions for India after two debacles in a row

A second series loss raises more questions than answers as head coach's performance comes under the lens

time-read
4 dak  |
January 07, 2025
Hindustan Times Gurugram

Love lockdown: OYO's new rule for unmarried couples sparks mixed reactions

On Sunday, the hotel booking platform OYO introduced a new policy that prohibits unmarried couples from checking into its partner hotels in Meerut, Uttar Pradesh.

time-read
1 min  |
January 07, 2025
Hindustan Times Gurugram

Gambhir, Sharma face BCCI scrutiny

India have lost six of their last eight Tests; they were saved by the weather in Brisbane while the Perth Test win was the only bright spot.

time-read
3 dak  |
January 07, 2025
Hindustan Times Gurugram

Fan, Ma Long out of tour events over row with ITTF

These are somewhat turbulent times in world table tennis.

time-read
3 dak  |
January 07, 2025
Hindustan Times Gurugram

How far are our leagues from introducing VAR?

Could take up to 18 months to implement it, says Trevor Kettle federation's chief refereeing officer

time-read
3 dak  |
January 07, 2025
Hindustan Times Gurugram

NCLAT to hear Meta's plea against ₹213 cr fine on Jan 16

META ASKED NCLAT TO HEAR THE CASE URGENTLY, NOTING ITS IMPLICATIONS AND THE STAKES INVOLVED

time-read
2 dak  |
January 07, 2025
Hindustan Times Gurugram

India Eyes Private Capital For $107 Billion Grid Expansion

India is asking states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.

time-read
1 min  |
January 07, 2025
Hindustan Times Gurugram

SC transfers CCI's e-commerce probe cases to K'taka HC

The Supreme Court on Monday centralised all petitions challenging the Competition Commission of India's (CCI) anti-trust probe against e-commerce giants Amazon and Flipkart to the Karnataka high court, while also urging the high court to decide the matter expeditiously.

time-read
1 min  |
January 07, 2025