Centre may focus on investment, custom duty exemption in shipbuilding โ India TV
Image Source : FILE PHOTO Representative Image The Central government is currently focusing on harnessing the potential of the shipbuilding industry after it witnessed a supply chain shock due to a lack of domestic ships and shipping lines during the pandemic and geopolitical upheavals. Since the Union Budget is set to be presented in the Parliament by Finance Minister Nirmala Sitharaman on February 1, the industry is expecting major announcements. The government likely announce major projects and investments in the shipping sector. India's government is making efforts to reduce the logistics cost and bring it to single digit. This can…