Tag: Freight payments
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“India’s Maritime Development Fund: Charting a Course for Global Maritime Leadership”
Introduction to India’s Maritime Development Fund The establishment of India’s Maritime Development Fund marks a significant milestone in the nation’s maritime journey. Announced recently during the Union Budget, the fund has a corpus of approximately ₹25,000 crore (about $3 billion) [Source: Reuters]. The primary objective of this fund is to provide long-term financing for the…