MoS revamps software and updates guidelines for implementation of Shipbuilding Financial Assistance Policy

The MoS has revamped the software and updated guidelines to facilitate the implementation of the Shipbuilding Financial Assistance Policy for Indian shipyards. The policy was approved in December 2015 and provides Rs 40 billion of financial assistance to the shipyards for 10 years, for the contracts secured between April 1, 2016 and March 31, 2026.