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Setting sail again
Business Standard
|November 05, 2025
Reviving India’s shipbuilding ambitions
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India Maritime Week 2025 and new policy measures aimed at reviving shipbuilding have brought the sector into focus.
The recent approval by the Union Cabinet of a %69,725 crore package for the shipbuilding and maritime sector — including a%25,000 crore corpus in the Maritime Development Fund — combined with the corpus of $24,736 crore under the Shipbuilding Financial Assistance Scheme, underscores the push to revive the country’s shipbuilding industry. Despite its over 11,000-km coastline, India accounted for only 0.06 per cent of gross tonnage in global shipbuilding output in 2024, according to the United Nations Conference on Trade and Development (Unctad). An ageing fleet and high financing costs have left the country overly dependent on foreign-flagged vessels for trade and energy security.
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