India Pumps $2.8 billion into shipping with new maritime fund
In India, India Shipping News reports the 2025-26 Union Budget includes a $2.8 billion Maritime Development Fund, announced in New Delhi by Finance Minister Nirmala Sitharaman on February 5, to support long-term financing and promote competition in the maritime sector. The fund will have up to 49% government backing, with the rest sourced from ports […]
