NEW DELHI: Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, has said that the government is “actively exploring” tax and policy interventions to strengthen India’s maritime sector, alongside a newly approved Rs. 70,000 crore package aimed at boosting shipbuilding and allied industries.After the Union Cabinet approves of the scheme on Monday, Sonowal said the initiative seeks to transform India into a “design-build-finance-own-repair-recycle powerhouse” in the global maritime economy.“The vision is to ensure that a larger share of India’s export-import cargo is carried on Indian-built, Indian-owned . . .
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