Union Cabinet on Wednesday has approved the shipbuilding and maritime development reforms worth Rs 69,725 crore. Image for representation (Photo source: GRSE Website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Union Cabinet on Wednesday has approved the shipbuilding and maritime development reforms worth Rs 69,725 crore to revitalise India’s shipbuilding and maritime ecosystem.

Union Minister Ashwini Vaishnaw announced that the package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote greenfield and brownfield shipyard development.

He further added that, the package will enhance technical capabilities and skilling, and implement legal, taxation, and policy reforms to create a robust maritime infrastr

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