Trending News
Baltic Exchange Market Report (8 November 2024)...
  Daily Exim

NEWS DETAILS

Date: 08/11/2024

Govt mulls infra tag for shipping

The government could grant infrastructure status to the entire shipping sector, including all kinds of ships and vessels, suggested reports. While the Shipping Ministry had sought the tag only for coastal vessels, the Finance Ministry is examining a proposal for wider coverage. It has begun consultations with banks and financial institutions, a move that will allow the shipping industry to access other forms of financial assistance and concessions. At present, shipbuilding and shipyards are granted infrastructure status, allowing them access to long-term low-cost project loans and issuing of infrastructure bonds for meeting working capital requirements. Extension of similar benefits is expected to provide a boost to the indigenous shipping industry. A final decision will be taken only after consultation with the RBI, said a report.
 
Source: Exim News Service: New Delhi, Nov. 7



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.