Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Govt Sets Sail on ₹70,000 Cr Financial Package for Shipbuilding Cos
Mint New Delhi
|August 25, 2025
The government is set to unveil a ₹70,000-crore financial package to attract investments in shipbuilding and repairs and also promote domestic shipbuilding and enhancing port infrastructure, two persons aware of the matter said.
The Union cabinet could clear the plan as early as mid-September.
The upcoming package would include ₹20,000 crore funds for developing and operationalizing a shipping cluster programme, ₹20,000 crore for a new Ship Building Financial Assistance (SBFA) programme and ₹25,000-30,000 crore for operationalizing the Maritime Development Fund (MDF).
A policy note on the three schemes for the shipping and ports sector has been finalized after several rounds of meetings between the finance ministry and the ministry of ports, shipping and waterways (MoPSW), the first person quoted above said, adding that the plan could be cleared by the Union cabinet within the next two to three weeks.
Denne historien er fra August 25, 2025-utgaven av Mint New Delhi.
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 New Delhi
Mint New Delhi
IT's middle order takes US hit; big cos hold ground
Shares of smaller IT companies reeled on Monday despite their reassurances about the H-1B visa impact, while their large-cap peers that remain tight-lipped closed with smaller losses, signalling market belief that the latter may navigate the crisis better.
3 mins
September 23, 2025
Mint New Delhi
Startups, VCs rush to digitize India's mutual fund sellers
Startups are rushing to build technology for India's swelling army of mutual fund distributors (MFDs), a segment that is rising alongside the nation's roaring asset management industry.
2 mins
September 23, 2025
Mint New Delhi
HOW DID NPS TURN INTO AN EQUITY BET?
Come 1 October, fund managers under the National Pension System (NPS) will be allowed to craft schemes that offer 100% equity exposure to their non-government subscribers.
3 mins
September 23, 2025
Mint New Delhi
Biz gets GST push as govt engages public
Price cuts tempt buyers; PM, ministers take GST gains to people
5 mins
September 23, 2025
Mint New Delhi
Guard satellites
Under a global treaty, space must stay free of weapons of mass destruction, but eyes in the sky have long aided military action on the ground.
1 min
September 23, 2025
Mint New Delhi
China's K visa vs US H-1B: What it means for India
The tightening of H-1B visa rules by the US comes when Beijing last month introduced a K visa policy allowing all foreign nationals, including those without a confirmed job, to enter China. For India, this open-door policy has created an unusual point of convergence with China amid heightened geopolitical competition. Mint explains.
2 mins
September 23, 2025
Mint New Delhi
H-1B fee hike spells gloom for Indian IT
Bigger firms may handle costs better, other sectors affected too
3 mins
September 22, 2025
Mint New Delhi
Govt scans prices for profiteering as tax cuts kick in
As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.
3 mins
September 22, 2025
Mint New Delhi
ChrysCapital to whip up a $200 million dessert storm
India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.
2 mins
September 22, 2025
Mint New Delhi
Why has Trump's H-1B fee spooked GCCs in India?
1 How big is India's GCC segment?
2 mins
September 22, 2025
Listen
Translate
Change font size