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.

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