- India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry.
- It is a part of an effort to reduce the pain of high freight rates.
- The plans include subsidies so that at least 50 new vessels can be built.
A 10 billion rupee ($123 million) maritime development fund is also likely to be established, they added, without providing further details.
Plan UnveiledFinance Minister Nirmala Sitharaman is expected to announce...
https://mfame.guru/india-to-offer-multiple-incentives-to-bolster-shipbuilding-industry/