India has approved a comprehensive ₹69,725-crore package to strengthen domestic shipbuilding capacity, maritime financing and skills development.
The four-pillar strategy includes a ₹24,736-crore Shipbuilding Financial Assistance Scheme, a ₹20,000-crore Maritime Development Fund and a ₹19,989-crore Shipbuilding Development Scheme. The measures are aimed at addressing cost disadvantages faced by Indian shipyards, expanding domestic capacity and attracting investments into the maritime sector.
The package is expected to boost shipyard development, promote technology adoption and create new opportunities across the maritime value chain. The government aims to strengthen India’s position in global shipbuilding and reduce dependence on foreign shipyards while supporting the vision of a self-reliant maritime sector.
