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Centre offers subsidy to make ships that deploy offshore wind projects and subsea cables – EQ Mag
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Centre offers subsidy to make ships that deploy offshore wind projects and subsea cables – EQ Mag

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Centre offers subsidy to make ships that deploy offshore wind projects and subsea cables
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Centre offers subsidy to make ships that deploy offshore wind projects and subsea cables – EQ Mag

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India will now offer subsidies for vessels that help set up offshore wind energy projects and lay undersea cable. The centre has revamped the ship building subsidy scheme to include support for manufacture of these vessels.

“These changes have been done after a demand for export of such ships was assessed,” a senior Shipping Ministry official told ET.

Under the Rs 4000 crore Shipbuilding Financial Assistance (SBFA), financial assistance up to 20% of the Contract Price or the Fair Price (whichever is lower) is extended to Indian Shipyards for each specialised vessel built by them…Read More…

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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