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INDIA SHIPBUILDING SUBSIDY
India may lower shipbuilding subsidy localisation threshold to 20% to attract foreign investorsThe government is considering lowering the minimum domestic-content threshold for shipbuilding incentives from 30% to 20%, with a full subs...- Forced labour and import: Reading India’s latest foreign trade policy additionsWith this notification in place, India has tried to put a protective layer for the domestic industry from unfair foreign competition.
- Govt committed to positioning India as shipbuilding hub: Sahntanu ThakurIndia aims to become a top shipbuilding hub by 2047, driving its blue economy through strategic initiatives and investments. Maharashtra is...
- Govt approves policy to make Maharashtra shipbuilding hub, create 40,000 jobs by 2030Maharashtra is set to become a major shipbuilding hub. The state government approved a new policy for shipbuilding, repair, and recycling. ...
- Ready to dock: New Delhi seeks maritime makeover with Korean and Japanese partnershipsA high-level Indian delegation visited South Korea to promote India's maritime growth and seek collaborations with Korean shipbuilders. Ind...
- Maersk keen to build & repair ships in India, says officialMaersk, a global shipping giant, is exploring shipbuilding and repair opportunities in India, expressing confidence in the nation's growing...
- Shipping Corporation shares zoom 12%. Here’s why?It is proposed that a credit note equivalent to 40% of the scrap value of a ship being dismantled in an Indian breaking yard would be given...
- For a larger slice of global pie, India seeks anchor role to turn local shipbuilding tideThe government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies o...
- Centre offers subsidy to make ships that deploy offshore wind projects and subsea cablesUnder the Rs 4000 crore Shipbuilding Financial Assistance (SBFA), financial assistance up to 20% of the Contract Price or the Fair Price (w...
- India plans to offer in Budget slew of incentives to boost shipbuilding industry, say sourcesFinance Minister Nirmala Sitharaman is expected to announce the plans when she presents the annual budget for 2023/24 to parliament on Feb....
- Make in India: Shipyard industry gets infrastructure status, move expected to bring down costsThe move is expected to bring down borrowing costs for the industry. At present, companies pay average interest of 14 per cent-15 per cent ...
- Shipping Ministry to soon propose measures to promote 'Made in India' shipsFM Arun Jaitley in his Budget speech in July had said a “comprehensive policy to promote Indian ship building industry” will be announced s...
- Shipping Ministry seeks sops to boost shipbuildingThe ministry has made a recommendation to the cabinet committee of secretaries to introduce the interest subvention scheme, the official ad...
- ABG Shipyard's net profit falls 60%, revenue also downABG Shipyard on Wednesday said that the company's net profit during the October-December quarter fell by 60% to Rs 18.62 crore as against R...
- L&T shipbuilding receives fresh orders worth Rs 447 crore from the defence ministryThe company had earlier received a similar contract when it was awarded a similar contract worth Rs 977 crore for the construction of 36 ve...
- Shipping Ministry seeks sops, duty waiver for shipbuildersThe shipping ministry's demand which was placed before the cabinet committee of secretaries will be taken up next month.
- Shipping Min seeks revival of subsidy scheme for shipbuildersThe Shipping Ministry has sought immediate policy measures including revival of subsidy scheme for shipbuilders.
- Govt may revive subsidy for shipbuilding industryGovt is planning to extend the subsidy for shipbuilding industry, a move that is likely to boost India's share in the global market and cre...
- Shipping Corp plans to set up shipbuilding yardsAfter engineering giant L&T, India's largest shipping company Shipping Corporation of India has jumped into the fray for setting up world-c...
- Sops for ship builders may stay afloat for 5 more yearsShipbuilders such as Larsen & Toubro (L&T) and Bharti Shipyard may get a shot in the arm with the ministry of shipping, road transport and ...
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