Exporters said the Budget’s proposals to increase duty-free import limits on processing, create 500 reservoirs and support fisheries startups will boost the marine industry.
Port is seen as a strategic outlet to Central Asia bypassing Pakistan. Last month reports indicated India transferred $120 mn to Tehran, as it withdraws exposure to US sanctions.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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