India’s shipbuilding industry is undergoing a transformational shift, as the Union Government under Prime Minister Narendra Modi accelerates efforts to build a world-class maritime ecosystem—paving the way for a Viksit Bharat by 2047, asserted Sarbananda Sonowal, the Union Minister of Ports, Shipping & Waterways (MoPSW). The Union Minister was responding to a starred question by Dr Rajeev Bharadwaj, MP from Kangra LSC at the ongoing monsoon session of the Lok Sabha.
In line with the Maritime India Vision 2030 and the long-term strategic roadmap of Amrit Kaal, the Union Budget 2025 has announced a series of reforms and investments aimed at significantly enhancing the capacity and competitiveness of Indian shipyards. These initiatives are expected to strengthen India’s position as an emerging global maritime power, expressed Sonowal.
Highlighting the government’s commitment, Sarbananda Sonowal underlined the“The Shipbuilding Financial Assistance Policy which is being revamped to address cost disadvantages,” thereby helping Indian shipyards compete on equal footing with their international counterparts. The inclusion of credit
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