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Tag Archives: ABG Shipyard senior vice-president Narendra Kumar

India Announces $600 Million Shipyard Subsidy

As part of the government’s “Made In India” initiative, Prime Minister Narendra Modi’s cabinet has approved $600 million in direct cash subsidies for Indian shipyards over a ten year period. The subsidy will be used to discount the price after delivery of new vessels by 20 percent. All vessel types are eligible for the program. The proposal, described by the ...

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