The Japanese government announced a $1.37 billion subsidy to shipbuilders, including Imabari Shipbuilding, aiming to double production capacity within ten years.
The Japanese government has announced 213.1 billion yen (approximately $1.37 billion) in aid over the next decade as the first round of capital expenditure support for its shipbuilding industry revitalization plan, aiming to double the industry's capacity by 2035. The plan will support companies such as Imabari Shipbuilding in their capital expenditures, including the construction of new cranes and hull section facilities.
Source:Nikkei Asia · Source Link
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