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flag India approves ₹69,725 crore plan to boost shipbuilding, jobs, and maritime self-reliance.

flag India has approved a ₹69,725 crore package to revitalize its shipbuilding and maritime sector, aiming to boost domestic capacity, enhance national security, and advance self-reliance. flag The four-pillar strategy includes extending financial assistance to 2036, launching a ₹25,000 crore Maritime Development Fund, supporting mega shipbuilding clusters, and improving infrastructure and technology. flag The plan targets expanding annual shipbuilding capacity to 4.5 million gross tonnage, creating nearly 30 lakh jobs, and attracting ₹4.5 lakh crore in investment. flag It strengthens supply chains, supports coastal shipping, and aligns with India’s broader goal of increasing global maritime influence.

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