The Cabinet’s approval of a ₹69,725 crore plan seeks to strengthen shipbuilding, financing, shipyards, and skilled manpower
Nearly 95% of India’s trade by volume moves by sea. Its Indian Ocean position gives it an edge to become a hub for shipping and logistics
A Maritime Development Fund, with ₹25,000 crore, will ease long-term financing, attract private capital, and boost project viability
Shipbuilding now demands green, digital, and efficient designs. Skilling India’s workforce is vital to meet global environmental norms
Past hurdles include delays, weak shipyards, and inconsistent policy. Success will hinge on modernisation, transparency, and private sector drive
If effective, the package could add 3 million jobs, draw ₹4.5 trillion in investment, and enhance India’s security and global resilience