India Enhances Shipbuilding Capabilities for a Viksit Bharat
The Indian government, under Prime Minister Modi, is transforming the shipbuilding industry to create a world-class maritime ecosystem by 2047. Key initiatives include a ₹25,000 crore Maritime Development Fund, tax exemptions for shipbuilding materials, and the establishment of integrated shipbuilding clusters. These reforms aim to boost competitiveness, enhance infrastructure, and promote self-reliance in maritime assets, positioning India as a global maritime power.
Source: Original Link