Setting Sail: India's Shipbuilding Revival

India has unveiled a ₹69,725 crore shipbuilding and maritime reform initiative aimed at revitalizing its shipbuilding sector. Key components include the Shipbuilding Financial Assistance Scheme, Maritime Development Fund, and Shipbuilding Development Scheme, all designed to enhance domestic manufacturing, create jobs, and strengthen the maritime economy. The initiative also emphasizes sustainability and aims to position India among the top five global shipbuilding nations by 2047, aligning with the broader vision of an Atmanirbhar Bharat.

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