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Kochi,
April 11. The government will soon formulate a
comprehensive maritime policy incorporating an investment
plan of nearly Rs 1,00,000 crore. Of this, Rs 60,000 crore
is expected to be invested in the port sector and Rs
40,000 crore in shipping.
Announcing this, Union Minister of Shipping, Road
Transport and Highways T.R. Baalu said funds would be made
available to Cochin Shipyard (CSL) “to set up a new
green-field, international class, modern shipyard” at
Vallarpadam.
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