The Ministry of Internal Affairs and Communications plans to support Japanese companies' domestic production of submarine cable-laying vessels and intends to secure approximately ¥100 billion in the FY2027 budget, The Nikkei reported.
The Ministry of Internal Affairs and Communications reportedly plans to support domestic procurement of submarine cable-laying vessels and aims to secure a budget of approximately ¥100 billion in FY2027.
The move is reportedly intended to promote the manufacture and introduction of cable-laying vessels by domestic companies amid challenges associated with reliance on overseas suppliers due to yen depreciation and soaring material costs.