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SHIPBUILDING FINANCIAL ASSISTANCE
Ship-building scheme gets 12 applications seeking incentivesThe scheme, launched last September, aims to make domestic shipyards more competitive by bridging the cost arbitrage with foreign rivals in...- India’s first underwater museum project launched off Maharashtra coast in SindhudurgSindhudurg district in Maharashtra is set to become a major marine tourism hub. India's first underwater museum and submarine tourism proje...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- Commercial shipbuilding: Beyond a sectoral revival, India’s chance to strengthen economic power & global influenceWith 95% of trade by volume moving by sea, domestic shipbuilding is crucial for energy security and trade leverage. Focusing on specialized...
- 'Shipbuilding schemes set for FY27 rollout': Sarbananda SonowalThe government will prioritize executing shipping schemes in 2026-27. Key goals include launching three shipbuilding schemes on time and ac...
- Govt rolls out Rs 44,700 crore shipbuilding push to boost domestic maritime industryThe Centre has unveiled operational guidelines for the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Sc...
- Companies can avail all shipbuilding sops simultaneouslyThe government has approved a ₹70,000 crore package for shipping and maritime sectors. Companies can now avail incentives under all schemes...
- Cabinet gives nod to Rs 69,725 crore incentives for maritime sectorThe Union Cabinet has approved Rs 69,725 crore for shipping and maritime development. This includes a maritime development fund and shipbui...
- Land selected for shipbuilding, repair centres in Andhra Pradesh, Tamil Nadu & GujaratIndia is set to boost its shipbuilding industry with mega centers in Andhra Pradesh, Tamil Nadu, and Gujarat. HD Hyundai is reportedly part...
- Shipbuilding, maritime funds likely soonThe Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime developm...
- 'Bharat Container Line will help derisk overseas trade'India plans to launch Bharat Container Line to reduce reliance on foreign vessels and boost overseas trade. The initiative will start with ...
- Budget 2025: Nirmala Sitharaman announces Maritime Development Fund of Rs 25,000 crore for long-term financingFinance Minister Nirmala Sitharaman announced a Maritime Development Fund with a corpus of Rs 25,000 crore to support the maritime industry...
- ‘Strong support for India’s ports, shipping & logistics sectors’—Industry players laud Union Budget 2025The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund
- Shipping sector may get 'infrastructure' tag by govt for wider financial aidThe Indian government is considering granting infrastructure status to the entire shipping sector. This move would provide the industry wit...
- Shipbuilding orders worth Rs 6,800 crore received in last four years: Sarbananda SonowalThe scheme offers financial assistance to Indian Shipyards for shipbuilding contracts signed between April 1, 2016 and March 31, 2026 with ...
- 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...
- Centre allows one year relaxation to ship builders getting benefits under financial assistance policyThis is being done in view of the spread of COVID variants that has affected the global supply chain system. The Centre has approved financ...
- Centre okays Rs 155 crore for building 47 shipsIn response to queries from ET, the shipping ministry said that 95 applications have been received till now seeking an in-principle approva...
- Govt approves financial assistance for ships built in IndiaIn a bid to promote the shipbuilding industry under the 'Make in India' initiative, the Cabinet approved a proposal for financial assistanc...
- Shipbuilding sector demands infra status, financial help: GovernmentEarlier the shipbuilding subsidy scheme was extended to all Indian shipyards on October 15, 2002 and the subsidy scheme expired in 2007.
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