Divya Delhi : The Rs 69,725 crore package marks a major step towards transforming India’s maritime sector and boosting the shipbuilding industry. The initiative focuses on providing financial assistance and creating a supportive ecosystem for shipyards and maritime businesses. The government aims to increase India’s share in the global shipbuilding market by encouraging indigenous production of commercial and specialised vessels. The package is also expected to improve maritime financing by helping companies access better funding options for ship construction and expansion projects. Industry experts believe the move will strengthen the “Make in India” initiative, create thousands of direct and indirect employment opportunities, and support the growth of related industries such as steel, engineering, and logistics. The initiative comes as India seeks to expand its maritime capabilities and establish itself as a key player in the global shipping and shipbuilding sector.
