Staff Reporter
Ministry of Shipping has amended the Right of First Refusal licensing conditions to boost shipbuilding in India.
The revised guidelines will give a boost to the domestic shipbuilding and shipping industries.
It will also encourage the domestic shipping industry to support the domestic shipping industry.
Shipping Minister Mansukh Mandaviya said, the Ministry is working with a focused approach to promote shipbuilding in India as per AatmaNirbhar Bharat vision of Prime Minister Narendra Modi.
He said, the revision of Right of First Refusal licensing conditions is a giant step towards AatmaNirbhar Shipping.
It will promote ‘Make in India’ initiatives through self-reliance and will give a strategic boost to domestic Ship building industries, contributing towards long-term economic growth of India.