Government Launches Shipbuilding Financial Assistance Scheme

The Government of India has approved the Shipbuilding Financial Assistance Scheme (SBFAS) to bolster the competitiveness of Indian shipyards against global counterparts. This scheme, alongside the establishment of a Maritime Development Fund (MDF) and the National Shipbuilding Mission (NSbM), aims to elevate India's standing in the shipbuilding and maritime sector by providing substantial financial support and incentives.

Source: Original Link

Read more