According to a Feb. 5 report from The Hindu, Union Minister for Shipping, G.K. Vasan, announced a package to promote Indian shipbuilding which will be taken to the Cabinet. Underscoring the importance of the ports and the maritime sector of India, he said 40% of the country's Gross Domestic Product was linked to external trade, and the bulk of this international trade was carried through shipping.
(Source: The Hindu)
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