India rolls out credit risk backstop for shipbuilders

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Published: 19 Oct 2026 · 07:00 UTC
Added to portal: 19 Oct 2026 · 08:04 UTC
Source check: 19 Oct 2026 · 09:04 UTC

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India has introduced two government-backed credit-risk insurance products for shipbuilders, aiming to protect domestic yards against missed payments and buyer defaults on vessel construction contracts. The measures, unveiled by shipping minister Sarbananda Sonowal, form part of New Delhi’s wider shipbuilding development programme, which has earmarked INR14.4

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