Comprehensive 4-Pillar Approach to Strengthen Shipbuilding, Maritime Financing, and Domestic Capacity
September 24th, 03:08 pm
The Union Cabinet, chaired by PM Modi, has approved a Rs. 69,725 crore package to boost India’s shipbuilding and maritime sector. The package follows a four-pillar plan to strengthen domestic shipbuilding, provide long-term financing, develop new and existing shipyards, improve skills, and simplify policies and regulations. It will create jobs, attract investment, and build a stronger, more resilient maritime industry.