India's Shipbuilding Sector to Receive Major Boost Under New Government Guidelines

The Indian government, led by the Ministry of Ports, Shipping & Waterways, has introduced comprehensive guidelines under two key schemes—the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)—to enhance India's shipbuilding capabilities. With a total outlay of ₹44,700 crore, these initiatives aim to bolster domestic manufacturing, foster self-reliance, and improve global competitiveness, positioning India as a leading maritime nation.

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