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26 September 2021 The on-line newspaper devoted to the world of transports 05:22 GMT+2

April 7, 2009

Shipbuilding firms likely to claim Rs 4,000 cr subsidy

Press Trust Of India / New Delhi

Shipbuilding firms, including ABG Shipyard, Pipavav Shipyard, Bharti Shipyard and Larsen & Toubro, are likely to claim subsidy of over Rs 4,000 crore in the next four years from the government.
According to industry sources, Shipbuilding companies are gearing up to claim subsidy, given by the government to encourage private sector participation in shipbuilding in the country ......
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