16 Sep 2025 | 5 Mins Read
Centre plans to revive shipbreaking industry with new incentives
Flipitmoney
Essar Shipping and GE Shipping shares rise 2.5-4.5 percent as shipbuilders Cochin Shipyard and Mazagon Dock gain 1 percent. The Centre plans to develop 10 world-class shipyards by 2030 with a 5% global market share. Incentives worth Rs 4,000 crore will support the shipbreaking industry, with credit notes for ship owners bringing old vessels to Indian shores.