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India approves ₹69,725 crore plan to boost shipbuilding, jobs, and maritime self-reliance.
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.
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.
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.
It strengthens supply chains, supports coastal shipping, and aligns with India’s broader goal of increasing global maritime influence.
La India aprueba un plan de 69.725 millones de rupias para impulsar la construcción naval, los empleos y la autosuficiencia marítima.