Union Minister Sarbananda Sonowal announced a National Shipbuilding Mission to save Rs 4.50 lakh crore annually in freight charges and crea...

The government has approved a ₹70,000 crore package for shipping and maritime sectors. Companies can now avail incentives under all schemes...

The Union Cabinet cleared a ₹69,725 crore revival package for the shipbuilding industry. The plan, built on a four-pillar approach, aims to...

The Union Cabinet has approved Rs 69,725 crore for shipping and maritime development. This includes a maritime development fund and shipbui...

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a Rs 69,725 crore package. This package aims to revitalize India's shi...

The Cabinet Committee on Economic Affairs has approved development projects worth Rs 94,000 crore. These projects include the doubling of a...

India is set to introduce 40 billion rupees in incentives to revitalise its shipbreaking industry and regain market dominance from Banglade...

India aims to become a top shipbuilding hub by 2047, driving its blue economy through strategic initiatives and investments. Maharashtra is...

The Indian government is significantly increasing the Maritime Development Fund to ₹70,000 crore, aiming to bolster the maritime sector. Th...

The Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime developm...

India plans to launch Bharat Container Line to reduce reliance on foreign vessels and boost overseas trade. The initiative will start with ...

India is set to boost its shipbuilding industry with the announcement of a ₹25,000-crore Maritime Development Fund and development of new s...

Finance Minister Nirmala Sitharaman announced a Maritime Development Fund with a corpus of Rs 25,000 crore to support the maritime industry...

The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund

Union Budget 2025: The Budget 2025-26 has introduced incentives for domestic shipbuilding, recycling, and inland waterways. Finance Ministe...

The government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies o...

"This was flagged in our April 2014 report titled, Shipbreakers weather Rs 700 crore forex loss, yet continue to sail unhedged."