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₹70,000 crore maritime plan on Cabinet agenda
Business Standard
|September 24, 2025
The Union Cabinet may soon consider a ₹70,000 crore package, comprising three schemes, to boost India’s maritime and indigenous shipbuilding capacities, according to officials in the know of the deliberations.
Last week, Prime Minister Narendra Modi had announced a slew of shipbuilding initiatives worth 70,000 crore, citing ₹6 trillion paid to foreign shipping operators for Indian goods a year. The proposals include around ₹25,000 crore Maritime Development Fund (MDF), around ₹25,000 crore shipbuilding cluster programme for development of greenfield shipyards, expansion of brownfield shipyards and shipbuilding ecosystems, and app
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