Hyderabad - Andhra Pradesh is positioning itself as a key hub for shipbuilding and shipbreaking, with the state government in talks with the Union Ministry of Ports, Shipping and Waterways to establish a mega shipbuilding cluster.
Replying to a query in the Assembly from MLAs Nadukuditi Eswara Rao and Kamineni Srinivas on Thursday, State Investments and Infrastructure Minister B.C. Janardhan Reddy said the government has rolled out the AP Maritime Policy to boost shipbuilding and allied industries through a wide range of fiscal incentives.
The policy provides up to 25% capital subsidy on investments, 10 . . .
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