Centre plans ₹2,000-crore insurance corpus to support shipbuilders

The Centre is preparing to introduce a ₹2,000-crore insurance corpus to shield Indian shipbuilders from buyer defaults, a move aimed at improving business sustainability in the capital-intensive sector. The Ministry of Ports, Shipping and Waterways is in talks with the finance ministry and other stakeholders to launch a buyer’s default insurance product through a public-secto

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