In a major boost to India’s maritime ambitions, the Ministry of Ports, Shipping and Waterways (MoPSW) has notified operational guidelines for two flagship initiatives aimed at revitalising the domestic shipbuilding ecosystem. With a combined financial outlay of ₹44,700 crore, the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme…
Tag: #Shipbuilding
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₹69,725 Cr Shipbuilding Package to Create 22 Lakh Jobs
The Union Government has approved a comprehensive ₹69,725 crore Shipbuilding and Ship Recycling Package aimed at transforming India into a globally competitive maritime manufacturing hub. The package adopts a four-pillar strategy focusing on domestic capacity expansion, maritime financing, shipyard development, skilling, and systemic reforms. The announcement was made by Union…
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Indian Navy: Charting Aatmanirbhar Waters
The Indian Navy has taken measurable strides toward maritime self-reliance, driven by the Indian Naval Indigenisation Plan (INIP) 2015–2030, a surge in domestic shipbuilding and a marked increase in capital allocations. Recent milestones including the commissioning of advanced indigenous warships and the INS Mahe anti-submarine vessel underscore a persistent push…
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PM Modi Meets Russian Aide to Boost Maritime Cooperation
New Delhi, November 18, 2025: Prime Minister Narendra Modi met H.E. Nikolai Patrushev, Aide to the President of the Russian Federation and Chairman of the Maritime Board, to discuss the next phase of Indo-Russian cooperation in the maritime sector. The high-level meeting comes at a critical time as both nations…
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India–Korea Maritime Tie-Up: Hardeep Puri Visits Hanwha Ocean
Seoul / Geoje, Nov 15, 2025: Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri visited Hanwha Ocean’s flagship shipbuilding facility in Geoje, South Korea, on a three-day bilateral engagement aimed at deepening India–Korea maritime cooperation. The visit, part of the Minister’s November 13–15 programme in the Republic of…
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Indian Coast Guard Hosts Maiden Shipbuilding, Indigenisation & IT Conference
The Indian Coast Guard (ICG) held its first-ever Shipbuilding, Indigenisation & IT Conference at Madikeri, Karnataka on 27 November 2025, bringing together shipyards, equipment manufacturers, classification societies, technocrats and policymakers to accelerate domestic shipbuilding and digital transformation. A highlight of the conference was the signing of a Memorandum of Understanding…
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PM Modi Highlights Make in India & Maritime Growth
New Delhi: Prime Minister Shri Narendra Modi on October 24, 2025, highlighted India’s growing and resilient industrial base, emphasizing the impact of the ‘Make in India’ initiative and the modernization of ports along the strategic east-west trade corridor. Sharing an article by Union Minister Shri Sarbananda Sonowal, the Prime Minister…