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Get Infra Status: Indian Shipbuilders
Mint New Delhi
|January 06, 2025
Industries to secure funds on easier terms with low interest rate
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Operational cash flows since funds available for capital intensive purchases will match repayments linked to asset's life spanning 12-15 years. This has been a demand of the industry for a while now," said Anil Devli, CEO of the Indian National Shipowners' Association (Insa). "Currently, our foreign competitors have access to low-cost funds and once we get these kinds of tenors that will promote acquisition ships, offshore rigs and expand the country's maritime footprint," he added.
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