India’s shipbuilding sector is attracting fresh attention as government policy and investment signal a concerted effort to expand domestic shipbuilding capacity and elevate the country’s role in global maritime logistics. Recent policy announcements and support schemes are expected to boost the number of Indian‑built vessels operating on both domestic and international waters in the years ahead.
A comprehensive revival package worth ₹69,725 crore (roughly US$8 billion) approved by the Union Cabinet late last year aims to reinvigorate the shipbuilding ecosystem with incentives for shipyards, financing support and infrastructure development. The plan includes long‑term financial assistance, a maritime development fund and dedicated schemes to modernise and expand shipbuilding facilities.
In addition, the government has recently issued operational guidelines for new shipbuilding support schemes (together worth another ₹44,700 crore) that focus on greenfield and brownfield capacity creation, dry dock expansion, fabrication facilities and technology upgrades. These initiatives aim to unlock scale, attract investment and improve competitiveness of domestic yards.
The attraction of international partners is also emerging as a notable trend, with global shipbuilding players exploring shipyard opportunities and potential collaborations in India to tap into a growing market. Notably, major South Korean firms have scouted potential sites in key coastal states — including Tamil Nadu — for large shipyard investments that could expand commercial shipbuilding capacity and bring advanced manufacturing expertise.
Industry watchers highlight that boosting domestic shipbuilding has broader implications for logistics and supply chains, including reducing dependence on foreign‑built vessels, supporting coastal and maritime freight corridors, and strengthening national control over transport assets. With current Indian yards traditionally focused on defence and smaller vessel segments, these policy pushes are expected to diversify output into larger commercial ships and increase India’s share of global shipbuilding markets over the coming decade.
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