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The Shipbuilding Financial Assistance Policy will be revamped to address cost disadvantages. The FM stated that this will also include credit notes for ship breaking Indian yards to promote the circular economy.
Large ships above a specified size will be included in the infrastructure harmonised master list, the FM added.
Shipbuilding clusters will be facilitated to increase the range, categories, and capacities of ships. The FM highlighted that it will include additional infrastructure, facilities, skilling, and technology to develop the entire ecosystem.
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