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India plans state-backed fleet to boost local shipbuilding
Hindustan Times Thane
|February 25, 2025
India is working on an ambitious plan to provide assured demand for ships built in the country from various state-owned entities and departments as it looks to incentivize investments in creating large shipbuilding facilities in the country.
NEW DELHI:
As part of the playbook, the ministry of ports, shipping and waterways (MoPSW) has asked the ministries of steel, chemicals and fertilizers, petroleum, coal, mines, commerce and textile to work on a plan for ship ownership by their respective state-run firms; and also giving preference to Indian-owned and Indian-built ships in all their cargo movements.
This story is from the February 25, 2025 edition of Hindustan Times Thane.
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