Upgradation and Modernisation of Shipbuilding Sectors in India
The Ministry of Ports, Shipping and Waterways has announced various initiatives to modernize India's shipbuilding sector, including revised financial assistance policies, the introduction of green technologies, and the establishment of new shipbuilding infrastructure. Key measures include the Green Tug Transition Programme, updated Right of First Refusal guidelines to promote indigenous shipbuilding, and significant investments in shipyard facilities. The government aims to enhance local content in shipbuilding and support the circular economy through financial incentives for green fuel vessels.
Source: Original Link