Gujarat plans shipbuilding incentives

The state government of Gujarat in India has made provisions in the new industrial policy to boost shipbuilding and ship repair industry and is planning to offer special incentives for the sector with a vision to augment and enhance efficiency in ports-related services and make Gujarat a logistic hub. The government task force has made recommendations to offer capital and interest subsidies for shipbuilding industry in the state and also offering land at concessional prices.

“Shipbuilding is a very high risk and high cost industry. So the government is mulling capital subsidy,” says a senior government official. According to him special provisions will be made for capacity building in ship building and institutes and training centres will be encouraged by giving concessional land.