India will provide additional incentives to encourage domestic shipyards to develop fuel-efficient and technologically advanced vessels as part of its ambitious plans to transform the country’s shipping industry. The additional shipbuilding incentives are part of the government’s ambitions to develop India’s blue economy, or the sustainable use of ocean resources, and position the country as a ship-manufacturing hub. “Domestic shipbuilding …
US naval ship Charles Drew docked at Larsen & Toubro’s shipyard at Kattupalli in Chennai on Sunday for undertaking repairs and allied services, in the first such voyage to India by an American vessel. Kumar described the visit by the US ship to undertake repairs as a ”red-letter day” for the Indian shipbuilding industry and the Indo-US defence relationship. ”We …
