India's Largest Database on New Projects
Govt plans to raise via maritime bonds
18 July 2011: The government is contemplating to set up a dedicated financial institution for maritime sector and raise about Rs 15,000 crore by way of bonds to ease flow of funds into the sector.
The bonds will be in line with infrastructure bonds and utilised according to the priority areas like coastal shipping, ship acquisition or development of port facilities.
Investment of Rs 2.87 lakh crore by 2020 is envisaged in the port sector.
Source: Economic Times