Page 4 - Shipping Ministry
Shipping ministry seeks Rs 23.5 billion to fund inland waterway projects
The allocation for FY19 was Rs 18.81 billion. Of this, nearly one-fourth or Rs 5.08 billion was earmarked for implementation of such inland waterway projects
 "Shipping ministry seeks Rs 23.5 billion to fund inland waterway projects")
Shipping ministry seeks govt nod for maritime fund
Ministry of Shipping has sought approval for setting up a Maritime Development Fund which will meet the financing needs of the entire maritime sector including shipbuilding. This is in line with the government's aim to promote the domestic shipbuilding industry. According to sources, this is part of the long term solutions suggested by the shipping ministry to support and promote domestic shipbuilding industry.The central government is also of the view that shipyards should be allowed to access external commercial borrowing by the Reserve Bank of India for working capital under automatic route for raising fresh working capital as well as refinancing of the outstanding working capital loans drawn from domestic commercial banks. The ministry has also suggested that the government or PSUs which are ordering ships for commercial use should offer right of first refusal policy to Indian companies so that they can match the lowest price offered by a foreign company. Also to make financing ..
 "Shipping ministry seeks govt nod for maritime fund")
Shipping Ministry policy on location of greenfield ports soon
The policy would be useful to resolve issues such as those that developed the Centre decided to set up a major port in Tamil Nadu
 "Shipping Ministry policy on location of greenfield ports soon")