The Union Cabinet on September 24, 2025, approved a ₹69,725 crore package to revitalise India’s shipbuilding and maritime sector. Union Cabinet approves ₹69,725 crore package for shipbuilding sector to boost domestic manufacturing, enhance export capacity, and strengthen maritime infrastructure.
The package will support shipbuilding firms through incentives, capacity building, and technology upgrades. Officials said the move aims to make India a global hub for ship manufacturing. It includes plans for modern shipyards, new vessel production, and skilled workforce development.
The government noted that the package will enhance strategic capabilities and strengthen the nation’s coastal economy. Union Cabinet approval reflects the commitment to self-reliance in defence and commercial shipping. The initiative also aligns with India’s vision to increase cargo handling and promote green shipping technologies.
Maritime industry leaders welcomed the decision, calling it a landmark step for the sector. They said it will boost competitiveness, generate jobs, and reduce dependence on foreign shipbuilders. The package will also strengthen India’s position in the global maritime supply chain.
With this decision, the government hopes to transform the shipbuilding-maritime sector into a key driver of economic growth and strategic strength for India.
