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Govt may budget ₹9,800 crore for MDF
Hindustan Times Rajasthan
|January 24, 2026
The government is set to operationalise the ₹25,000 crore Maritime Development Fund (MDF) by allocating ₹9,800 crore to it in the upcoming budget.
‘The fund aims to lower capital costs and attract long-term, low-cost investment into shipyards, coastal infrastructure, and inland waterways. The Maritime Development Fund aims to mobilise investment worth ₹1.5 trillion in the shipping sector by 2030, which will play a key role in making India one of the top five shipbuilding and ship-owning nations in the world by 2047, from its current position as the sixteenth.
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