Central to the package is the extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until March 31, 2036, backed by a corpus of ₹247.36 billion. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a comprehensive package worth ₹697.25 billion to revitalise India’s shipbuilding and maritime ecosystem. The initiative adopts a four-pillar strategy...
Tag: Shipbuilding Financial Assistance Scheme
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India’s Ports Surge in Efficiency, Investment: Union Minister Sonowal
Delivering the keynote address at the Maritime Financing Summit in New Delhi, Sonowal underscored the maritime sector’s vital role in realising the vision of a developed India by 2047. India’s ports sector is undergoing a remarkable transformation, with marked improvements in turnaround time, port capacity, investment inflows, and customs clearance, Union Minister for Ports, Shipping...