Responding to question on govt’s plan for green shipping, Ramachandran said ministry will provide 30 per cent financial assistance for vessels where main propulsion is achieved by means of green fuels.
New scheme
Ministry Is Working On A New Shipbuilding Scheme, Which Would Incentivise Indian Shipyards Till 2035 By Various Measures.
Ramachandran said global cruise major MSC Cruises, based out of Geneva, has expressed willingness to deploy their ships for domestic itinerary.
He said MoPSW in coordination with Ministry of Petroleum and Natural Gas is planning to have a JV between Shipping Corporation of India (SCI) and oil marketing companies to own large tankers.
“The model of ownership is still to be decided depending upon demand requirement and market conditions,” he added.
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Source: Business standard
