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Rs 70,000 crore schemes to regain India’s maritime power
According to PM Modi,
Data shows that the share of export-import (EXIM) cargo carried on Indian ships has declined sharply from 41% in FY1988 to just 5% in FY2023, Which has resulted in India paying approximately Rs 6 lakh crore annually to foreign shipping companies for their services—an amount nearly equivalent to the country’s defence budget
Atma Nirbhar Push- Justice delayed but not denied to Shipping sector
70,000 crore push consists of
A shipbuilding fund worth Rs 20,000 crore, plus
A Rs 25,000 crore Maritime Development Fund which was announced during the Union Budget, plus
A shipbuilding financial assistance scheme of Rs 25,000 crore.
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Defence sector detailed analysis report: https://research.incredresearch.com/Sector/Index/11?ReportId=4183
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Thanks for the detailed article
In brief , exactly the same stocks were also discussed few days back on 12 th sept much before this article was published l.
Discl :
Not a buy sell recommendation.
i have invested in some of these defence names from.lower level and I continue to hold them I may be biased.
Please do your own assessment, apply due diligence before buy sell
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