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.
Full Article
Singapore sprint queen Shanti Pereira clinches 200m silver at Asian Athletics Championships
Read a summary of this article on FAST.SINGAPORE: Shanti Pereira narrowly missed defending her title, finishing second in the women's 200m final at the Asian Athletics Championships in South Korea with a time of 22.98s, just 0.01s behind China's Chen Yujie. Additionally, Pereira and her teammates set a new national record in the women's 4x100m relay, clocking 44.66s. Earlier, Pereira won silver in the 100m, showcasing her talent despite previous injury setbacks affecting her performance...
Read more