Cabinet approves Rs.69,725 crore Package to Revitalize India’s Shipbuilding and Maritime Sector

Shipbuilding Financial Assistance Scheme extended until 31st March 2036 with a total corpus of Rs.24,736 crore

Maritime Development Fund approved with Maritime Investment Fund of Rs.20,000 crore

Shipbuilding Development Scheme with an outlay of Rs.19,989 crore aims to expand domestic shipbuilding capacity to 4.5 million Gross Tonnage

Recognizing the strategic and economic importance of the maritime sector, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved a comprehensive package of Rs.69,725 crore to revitalize India’s shipbuilding and maritime ecosystem. The package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term fi

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