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SHIPBUILDING CLUSTERS
'Domestic cos got lower subsidies than Chinese peers, on par with North America'Indian firms receive far less government support than Chinese companies. An OECD report highlights this disparity between 2005 and 2024. In...- 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...
- Sonowal unveils roadmap for maritime reforms, digital governance under Viksit Bharat 2047Union Minister Sarbananda Sonowal is driving India's maritime sector forward. A comprehensive reform roadmap aims to boost ease of doing bu...
- Nods for Rs 30,000 crore shipbuilding cluster in Andhra Pradesh this month: Minister SonowalIndia plans a major shipbuilding cluster in Andhra Pradesh with ₹30,000 crore investment. This move aims to boost the Indian fleet size. Pr...
- India steadily positioning itself as competitive maritime nation: Shipping secretaryIndia is strengthening its position as a maritime power. Policy changes, infrastructure growth, and private sector engagement are driving t...
- 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...
- The K-pop cash flow: South Korean beats power India's FDI remixSouth Korean President Lee Jae Myung's visit to New Delhi signals India's strategic push for large-scale FDI in advanced manufacturing and ...
- Manifestos were earlier ceremonial, now symbol of proactive and accountable government: JP NaddaAddressing an event in Thiruvananthapuram, the former BJP chief stated that the people used to forget what promises were made during electi...
- Andhra sanctions over Rs 500 cr to acquire 2,000 acres of land for port, ship building clusterThe Andhra Pradesh government has approved over 500 crore rupees for acquiring more than 2,000 acres of land. This land is for the Dugaraja...
- '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...
- VOC Port forms joint venture with Tamil Nadu govt to set up shipbuilding cluster at TuticorinV.O. Chidambaranar Port Authority has formed a special purpose vehicle for a mega shipbuilding cluster at Tuticorin. This joint venture wit...
- 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...
- '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: Shipping gets a blast of wind in its sailsIndia is set to boost its shipbuilding industry with the announcement of a ₹25,000-crore Maritime Development Fund and development of new s...
- Union Budget 2025: Indian shipping gets a budget bonanzaUnion Budget 2025: The Budget 2025-26 has introduced incentives for domestic shipbuilding, recycling, and inland waterways. Finance Ministe...
- Rs 30,000 crore maritime development fund to help shipbuildingIndia is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycl...
- 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...
- India soon to upgrade ports into industrial hubs as part of Modi's 'atmanirbhar' pushThe government has proposed a major ports bill, which is under discussion, to empower ports to set their own tariffs, Kumar said. It would ...
- Gujarat lines up policy to pump up ship buildingTraffic on Gujarat coast is increasing at the rate of 15% per annum. Ship repairing and building will provide indirect support to ports and...
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