Government Proposals Aim to Boost Shipping Sector: Key Budget Initiatives Revealed
The government is expected to announce measures for the shipping sector in the upcoming budget.
The Shipping Ministry has submitted a proposal to the Finance Ministry.
A special fund might be established to support ship manufacturing.
There is a proposal for the creation of a maritime development fund.
Incentives are proposed for ships that use green energy.
The ‘Harit Nauka’ scheme is suggested for inland waterways.
There’s a proposal to allocate special funds to promote research and development in the shipping sector.
The government is likely to approve these proposals to bolster the shipping industry.
Stay informed with our financial updates, stocks, bonds, commodities. Get global & political insights. Follow us & enable notifications for the latest updates.