India’s finance minister announced a $2.9bn maritime development fund to boost the country’s shipbuilding and repair industry, aiming to become a top 10 shipyard nation by the decade’s end. The government will contribute 49% of the fund, seeking the rest from ports and the private sector, with a focus on attracting Korean and Japanese investments. The revamped Shipbuilding Financial Assistance policy will incentivize Indian owners to scrap old vessels and modernize their fleets.
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GE2025: DPM Heng Swee Keat retires after 15 years in politics, says it has been a 'great honour'
SINGAPORE: Deputy Prime Minister Heng Swee Keat announced his retirement from politics after nearly 15 years, stating it was time for new leadership ahead of the 2025 General Election. In a heartfelt Facebook post, he noted his dedication to public service and expressed confidence in his successor, Prime Minister Lawrence Wong. Heng, who overcame health challenges, emphasized the importance of contributing to Singapore's future and urged support for the new slate of candidates in East...
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