Shipping ministry to seek ‘growth package’

February 10th, 2009 - 8:20 pm ICT by IANS  

Kolkata, Feb 10 (IANS) The shipping ministry is preparing a document on the financial requirements of the industry, which will be submitted to the finance ministry next month, a top official said here Tuesday.

“Call it a growth package. The document will give details to the finance ministry about the financial requirements of the shipping industry, for issues ranging from ship acquisition, port development, ship building, dredging and maritime training,” National Shipping Board chairman P.V.K. Mohan told reporters on the sidelines of a seminar.

“We are putting final touches to the growth package document. It will be ready in a month,” he said.

Mohan, however, refused to give the approximate size of the package the industry is looking at.

The National Shipping Board is a permanent statutory body established in 1959 under the Merchant Shipping Act, 1958 to advise the central government on matters related to shipping.

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