Shipyards sore over Centre's policy
By Santosh Patnaik
VISAKHAPATNAM: The draft shipping and maritime policy unveiled by the United Progressive Alliance (UPA) Government has failed to boost the sagging morale of native shipyards as it is not specific on rationalising various taxes imposed on them.
The proposal to allow the establishment of two `international-sized' shipyards has raised several eyebrows, though plans to encourage modernisation of the existing yards have been lauded. The proposal to open to gates to foreign direct investment (FDI) in shipbuilding and ship-repair - a strategic industry - is also questionable and is bound to rake up controversy
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