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  • Nov 21, 2014
  • Government to set up Rs 1,500 crore fund for shipbuilding

    Government is in "advanced stages" to have a dedicated fund for shipbuilding industry to be handled by Exim Bank which will help the ailing sector with at least Rs 15,000 crore of funds, a top official said.
    "We are planning to open a dedicated shipping fund within Exim Bank. It is a proposal at an advanced stage," Exim Bank chairman and managing director Yaduvendra Mathur told reporters.

    Source - http://articles.economictimes.indiatimes.com