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Govt Launches Rs 700 Bn Plan to Boost Indian Shipbuilding and Ports

2025-09-27

The Indian government is set to unveil a Rs 700 billion package to strengthen domestic shipbuilding, ship-breaking, and port-linked infrastructure, aiming to propel India into the top 10 global shipbuilding and ship-owning nations within five years, according to The Times of India.

Currently, India ranks 14th in both shipbuilding and ship ownership. The comprehensive programme is expected to generate twenty million direct and indirect jobs over the next five years while reducing reliance on foreign ships and safeguarding against potential supply chain disruptions.

The package will comprise four key components:

Shipbuilding Financial Assistance Scheme to support domestic shipbuilders.
Maritime Development Fund providing long-term, low-cost financing.
Development of greenfield shipbuilding clusters on land parcels in Odisha, Andhra Pradesh, Gujarat, and Tamil Nadu.
Expansion of existing shipbuilding and repair hubs.

Officials note that the programme draws lessons from maritime leaders like China and South Korea, leveraging government-backed financial support and cluster-based development to boost competitiveness.

Recently, an MoU was signed to develop mega shipbuilding clusters in Cuddalore and Thoothukudi, Tamil Nadu, with another cluster expected in Kandla, Gujarat. During his visit to Bhavnagar, PM Narendra Modi inaugurated projects worth over Rs 342 billion, including maritime initiatives valued at Rs 78.70 billion under the “Samudra se Samriddhi” programme.

The plan is expected to enhance India’s maritime infrastructure, foster industrial growth, and strengthen the nation’s position in the global shipbuilding industry.

News source: EQ

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