Govt notifies guidelines for shipbuilding assistance, development schemes; ₹44,700 crore outlay to boost capacity

December 28, 2025 11:51 AM

Govt notifies guidelines for shipbuilding assistance, development schemes; ₹44,700 crore outlay to boost capacity

The Ministry of Ports, Shipping and Waterways (MoPSW) has notified the operational guidelines for two major shipbuilding initiatives — the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS) — aimed at strengthening India’s domestic shipbuilding capacity and enhancing its global competitiveness. Together, the schemes involve a total outlay of ₹44,725 crore and provide a transparent, accountable framework for implementation. Union Minister for ...

Cabinet clears Rs.69,725 crore package to boost shipbuilding and maritime sector

September 24, 2025 3:51 PM

Cabinet clears Rs.69,725 crore package to boost shipbuilding and maritime sector

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a comprehensive package worth Rs.69,725 crore to boost shipbuilding, maritime financing, and domestic capacity in India. The initiative is aimed at revitalising the country’s maritime sector through a four-pillar strategy that covers financing, infrastructure, technical development, and policy reforms. The package extends the Shipbuilding Financial Assistance Scheme (SBFAS) till March 31, 2036, with a total corp...