New Delhi, July 25 (IANS) A comprehensive Rs 69,725 crore package has been approved to strengthen domestic shipbuilding capacity, maritime financing and skilling as part of measures to revamp India’s shipbuilding industry, the government has said.The package includes a Shipbuilding Financial Assistance Scheme with an outlay of Rs 24,736 crore to address cost disadvantages of Indian shipyards compared to global yards, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said in Lo…
Latest Shipbuilding Financial Assistance Scheme News & Updates
Visakhapatnam, July 11 (IANS) Defence Minister Rajnath Singh on Saturday asserted that while emerging technologies such as Artificial Intelligence are transforming the nature of warfare, conventional military capabilities remain indispensable, stressing that future conflicts may involve AI but will ultimately be won through national resolve, trained soldiers and credible military strength. Addressing the gathering during the commissioning ceremony of INS Mahendragiri into the Indian Navy in Andh…
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…