India, Feb. 1 -- The Government of India issued the following news release:

The Union Budget has placed strong impetus to realise the huge potential of India's shipping sector. The forward-looking document aims at further enabling India's shipbuilding industry with spurring & innovative initiatives to drive investment, generate income for the economy, train and employ human capital and create value for the future of the country. The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal welcomed the budget and termed it progressive policy statement towards realising the vision of Prime Minister Shri Narendra Modi of a Viksit Bharat by 2047.

On the occasion, Shri Sonowal said, "I welcome the Union Budget presented in Parlia...