By Admin 
Shipbuilding sector: India is continuously moving forward in every field. In such a situation, why did you lag behind in making ships? The government is going to start the second phase of shipbuilding financial assistant policy with the aim of promoting shipbuilding and increasing demand in the country. Under this, more than Rs 20,000 crore will be assisted by the government for building four greenfield ship in the next six years and development of repairing hub.
These four places have been identified
According to the TOI report, four locations have been identified to manufacture ships and create repair hubs- Odisha (Center of Paradip Port), Andhra Pradesh (Dugrajpatnam), Gujarat (Kandla) and Tamil Nadu (Tuticorin). Greenfield ships will be built in 2,000-3,000 acres of land and repair centers will be developed here.
Explain that in the next five years, about 112 ships (estimated cost of Rs 85,700 crore) may be required to carry crude oil, petroleum products, LPG, LNG, Black Oil, Bitmen and other products. In view of this, emphasis is being laid on shipbuilding in the country.
Negotiations with these foreign companies
According to the report, a source said, this is the right time to develop a new shipbuilding hub in view of domestic demand. The Ministry of Petroleum and Natural Gas has been instructed to extract tenders for tankers of 10 middle middle range in May itself.
As many shipyards are currently (eight big, seven mediums and 28 small shipyards), they currently have 28 ships of this range. The government of Andhra Pradesh has discussed Japan’s largest shipbuilder Imbari shipbuilding company and two South Korean companies – HD KSO and Hanva Ocean – for this proposed project in Durgarajpatnam.
Officials concerned said that a proposal to create a sea development fund of Rs 25,000 crore will be placed before the Cabinet for approval. This fund will provide financial assistance to the shipping sector through equity and loan securities.
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