New Shipbuilding Scheme to Incentivize

08 Aug 2024 CW Team

The Indian government is set to introduce a new shipbuilding scheme designed to incentivize domestic shipyards through 2035. This initiative aims to bolster the country's shipbuilding sector by providing financial incentives and support, enhancing competitiveness and fostering growth within the industry.

The scheme is expected to offer various benefits to Indian shipyards, including subsidies, tax breaks, and other financial incentives. These measures are intended to reduce operational costs, encourage innovation, and improve the overall efficiency of shipbuilding processes. By strengthening the domestic shipbuilding capacity, the scheme aims to position India as a key player in the global maritime industry.

The introduction of this scheme aligns with the government's broader strategy to promote indigenous manufacturing and reduce dependency on foreign shipyards. It reflects a commitment to enhancing the capabilities of Indian shipyards and supporting their long-term growth and sustainability.

The new scheme will likely have a significant impact on the industry, leading to increased shipbuilding activity, job creation, and advancements in maritime technology. It also presents opportunities for shipyards to expand their operations and explore new markets.

Overall, the forthcoming shipbuilding scheme represents a strategic move to advance India's maritime sector, offering substantial incentives and support to domestic shipyards and reinforcing the country's position in the global shipbuilding arena.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..