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Ship-building scheme gets 12 applications seeking incentives

Posted on May 26, 2026
By Business News Today
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1 min read

Ship-building scheme gets 12 applications seeking incentives

The scheme, launched last September, aims to make domestic shipyards more competitive by bridging the cost arbitrage with foreign rivals in vessel supply bids. Towards this, Indian bidders will get financial support of 15-25% per vessel.