169 India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation’s manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting “infrastructure status” to the industry which would help with financing from banks, said the government officials. You Might Be Interested In Molina Healthcare Secures Michigan Medicaid Contract Albanese meeting Xi would help Australia get to a better deal with China Nikkei 225 Hits Milestone, Surges Above 40,000 After Bank of Japan Raises Interest Rates Science Collaboration Offers Hope for De-escalation in South China Sea Tensions Garcetti Makes History with Second Nomination as US Ambassador to India US Regulators Poised to Ease Basel Capital Requirements