New Delhi, March 14 (IANS) The government on Saturday said that under the Shipbuilding Financial Assistance Policy (SBFAP), a total of 288 contracts worth Rs 19,748 crore, covering 456 vessels, have received in-principle approval to date.Moreover, total financial assistance amounting to Rs 620.57 crore has been disbursed to 23 shipyards for the construction and delivery of 204 vessels, according to the Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal.The types of vessels cove…
Latest Shipbuilding Development Scheme News & Updates
New Delhi, Dec 27 (IANS) The government on Saturday notified the operational guidelines for two major shipbuilding initiatives with Rs 44,700 crore outlay, which are aimed at strengthening India’s domestic shipbuilding capacity and improving global competitiveness.Under the Shipbuilding Financial Assistance Scheme (SBFAS), which has a total corpus of Rs 24,736 crore, the government will provide financial assistance ranging from 15 per cent to 25 per cent per vessel, depending on the vessel cat…