Archive · 24 Sep 2025
India Approves ₹69,725 Crore Maritime Package
The Indian government approved a nearly ₹70,000 crore plan to boost its shipbuilding and maritime industries.
This plan includes extending financial assistance for building ships, establishing funds for long-term investments, and developing shipyards.
The goal is to strengthen the maritime sector, create job opportunities, and support economic growth.
The initiative aims to improve India's self-reliance and competitiveness in the global market.
The package also focuses on improving infrastructure and national security.
The Union Cabinet approved a ₹69,725 crore package for the shipbuilding and maritime sector.
The Shipbuilding Financial Assistance Scheme (SBFAS) will be extended until March 31, 2036.
A Maritime Development Fund (MDF) with ₹25,000 crore will provide long-term financing.
A Shipbuilding Development Scheme (SbDS) has a budgetary outlay of ₹19,989 crore.
The package is expected to generate 30 lakh jobs and attract investments of approximately ₹4.5 lakh crore.
- Who
- Union Cabinet
- What
- Approved a ₹69,725 crore package for the shipbuilding and maritime sector
- When
- September 24, 2025
- Where
- India
- Why
- To revitalize shipbuilding, create jobs, and drive economic growth
- Package Value
- ₹69,725 crore
- Approval Date
- September 24, 2025
- Key Initiatives
- SBFAS, MDF, SbDS
- Expected Job Creation
- 30 lakh
- Shipbuilding Capacity
- 4.5 million gross tonnages
- SBFAS Extension
- Until March 31, 2036
- Investment Attraction
- ₹4.5 lakh crore
Sources
Cochin Shipyard joins HD Korea to help India meet its long-term shipbuilding goal
Cochin Shipyard inks MoUs with HD Korea & Tamil Nadu govt, check stock reaction
Cochin Shipyard signs MoU with Korean shipbuilder, plans Rs 3,700 crore capex
Central PSUs invest Rs 30,000 crore in Tamil Nadu shipyards, 55,000 jobs to follow
India-Korea shipbuilding projects to come up in Kerala, Tamil Nadu
Andhra Pradesh, VPA sign MoU to launch ₹29,253-crore National Mega Shipbuilding Cluster
India’s shipbuilding ambition takes shape with CSL’s MoU with HD Korea for Long-Term Shipbuilding Collaboration
China’s naval threat is fuelling a Rs 1.75 lakh crore bonanza for these 3 stocks
CSL plans to set up Rs 15k-cr shipyard in Tamil Nadu
Mazagon Dock shares in focus on MoU for greenfield shipyard, check details
GRSE, Mazagon, SCI: Shipping stocks on investor radar amid shipbuilding policy package buzz
Big Push To Shipbuilding & Maritime Sector! Modi Govt Approves Rs 69,725 Crore Package - Details
Govt Introduces Rs 25,000-Crore Maritime Development Fund: What Is This?
Cabinet approves Rs 69,725 crore package for shipbuilding and maritime sector growth
Cabinet okays Rs 69,725 cr boost for shipbuilding, maritime sector, 30L jobs expected
Cabinet approves Rs 69,725 crore package to boost Shipbuilding and Maritime Sector
Cabinet approves ₹69,725-cr package to revitalise shipbuilding, maritime ecosystem
Cabinet Approves Rs 69,725 Crore Package to Boost India’s Shipbuilding