Rs 155 Crore Allocated For Ships Development
The central government has approved Rs 155 crore for the building of 47 ships. Amount is approved under the Shipbuilding Financial Assistance Policy (SBFA). The total contract value of these ships stands at Rs 850 crore. Union shipping ministry said that 95 applications have been received till now seeking in-principle approval for 170 vessels with a contract value of Rs 2,620 crore.