Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Incentive engine to drive modern ships
Mint Mumbai
|November 16, 2024
Subsidies for green, high-tech ships under ₹18,000 cr policy
India will provide additional incentives to encourage domestic shipyards to develop fuel-efficient and technologically advanced vessels as part of its ambitious plans to transform the country's shipping industry.
The ports, shipping, and waterways ministry is finalizing a cabinet note to provide a 25% subsidy for specialized vessels, and up to 30% for green vessels and other highly specialized ships, according to two persons aware of the matter.
These subsidies will be provided under the government's ₹18,000 crore shipbuilding financial assistance policy (SBFAP) 2.0, they said.
This policy will replace SBFAP 1.0, which was launched in 2016 for a 10-year period to incentivize shipbuilding.
Under SBFAP 1.0, financial assistance provided to Indian shipyards for shipbuilding contracts was slashed from 20% in 2016 to 11%.
The shipping ministry has defined green vessels as those run on biofuels, methanol, ethanol or electricity.
Highly specialized ships such as hydrogen-powered vessels use advanced propulsion technologies that reduce emissions while delivering more power.
Denne historien er fra November 16, 2024-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Israel to relocate Jews from northeast
Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.
1 min
November 26, 2025
Mint Mumbai
IndoSpace Core acquires six logistics parks for over $300 mn
IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.
1 min
November 26, 2025
Mint Mumbai
Businesses mustn't wait for a global climate consensus
This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.
3 mins
November 26, 2025
Mint Mumbai
Husk Power aims to raise $400 mn
Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).
1 min
November 26, 2025
Mint Mumbai
Don't make AI models but make the most of what exists
Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.
3 mins
November 26, 2025
Mint Mumbai
The Federal Reserve’s tool for calming short-term funding markets is being tested
The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.
3 mins
November 26, 2025
Mint Mumbai
Wipro to enter pet foods with ‘HappyFur’
Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.
2 mins
November 26, 2025
Mint Mumbai
KKR strengthens its play in Lighthouse
Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.
1 mins
November 26, 2025
Mint Mumbai
JioMart pulled up for uncertified walkie-talkies
India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.
1 mins
November 26, 2025
Mint Mumbai
Old medical history vs current claims: What do Irdai rules say?
My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?
2 mins
November 26, 2025
Listen
Translate
Change font size