The Ministry of Ports, Shipping and Waterways is working on a maritime crane manufacturing scheme – another area where China has a monopoly – to cater to local and global demand and cut dependency on one supplier, a government source briefed on the plan said. “Similar to container manufacturing, it will be a combination of some capex subsidy and some production-linked incentive for 5-7 years by which time they should be able to get orders. With some support, crane manufacturing will pick up with so much of domestic demand plus international players like DP World, Mediterranean Shipping Company, APM Terminals and others will be keen to buy cranes from India,” the source said. To make the pricing on par with China, the government may have to give a 20-30 per cent capital subsidy and 15 per cent opex subsidy, then the cranes we manufacture here will be close to the Chinese cost,” the source said. Currently, as much as 70 per cent of the global container handling cranes or quay cranes are manufactured in China. A top Indian port operator is said to have told the government that their cranes are getting delayed because China decides when to give and where to give the cranes. (ICE NEW DELHI)

Fonte notizia: Economic Times