Indian government allows Shipping Corp to buy bulk carriers
The Indian government on Thursday approved a proposal to allow state-run Shipping Corp of India (SCI.BO: Quote, Profile, Research, Stock Buzz) to acquire four bulk carriers valued at $59.55 million each, a government statement said.
It said Shipping Corp can borrow 80 percent of the amount from overseas banks.
It said Shipping Corp can borrow 80 percent of the amount from overseas banks.