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The Ministry of Ports, Shipping and Waterways of India has partnered with the Korea International Cooperation Agency for a skill development project in India's shipbuilding sector. This collaboration, part of the Maritime Amrit Kaal Vision 2047, aims to strengthen India's maritime capabilities and develop a future-ready
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Raksha Mantri Shri Rajnath Singh, at the 'Sagar Sankalp' event, emphasized India's commitment to achieving self-reliance in the defence sector amid global uncertainties. He highlighted efforts to modernize shipbuilding and achieve Aatmanirbharta in defence technology, with ambitions for India to be among the top shipbuilding nations
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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
shipbuilding
At the Samudra Utkarsh seminar, Raksha Mantri Rajnath Singh emphasized the potential of India's shipbuilding industry, urging global partners to collaborate in developing next-gen maritime capabilities. He highlighted India's integrated shipbuilding ecosystem, showcasing flagship projects like the INS Vikrant and the role of Indian shipyards in
Sagarmala Finance Corporation
The Sagarmala Finance Corporation Limited (SMFCL) has approved a ₹25,000 crore borrowing plan to enhance India's maritime infrastructure. This includes ₹8,000 crore for the current financial year, with funds to be mobilized through banks and bond issuances. SMFCL aims to support the maritime value chain, including
India-Russia Relations
Prime Minister Narendra Modi met with H.E. Mr. Nikolai Patrushev, aide to the Russian President, to discuss enhancing collaboration in connectivity, shipbuilding, and the blue economy. Modi expressed his anticipation of hosting President Putin in India next month. Source: Original Link
India
India and Russia held high-level interagency consultations in New Delhi, led by Union Minister Shri Sarbananda Sonowal and Russian Aide Nikolai Patrushev. The meeting focused on enhancing maritime cooperation, reaffirming the strategic partnership, and exploring collaboration in shipbuilding, port development, and Arctic operations. Both nations expressed commitment to building a
Make in India
Prime Minister Narendra Modi shared an article by Union Minister Sarbananda Sonowal, emphasizing the importance of a growing industrial base supported by the 'Make in India' initiative. The article discusses efforts to modernize, mechanize, and digitize ports along the east-west trade route, showcasing India's unique advantages.
shipbuilding
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
Maritime Sector
On September 19, 2025, a significant MoU exchange ceremony in Bhavnagar marked a pivotal moment for India's maritime sector, securing over ₹66,000 crore in investments. The agreements, involving 27 MoUs, aim to enhance shipbuilding, port infrastructure, and sustainable transport solutions, creating 1.5 lakh jobs and positioning
Maritime Sector
Union Minister Shri Sarbananda Sonowal announced at the Indian Maritime University convocation that India ranks among the top three global suppliers of seafarers, with a workforce of over 300,000. He highlighted the significant growth and modernization of India's maritime sector, which has created diverse employment opportunities and
shipbuilding
The Union Cabinet has approved a comprehensive Rs.69,725 crore package aimed at revitalizing India's shipbuilding and maritime sector. This initiative includes a four-pillar approach to enhance domestic capacity, improve financing, and promote shipyard development. Key components include the extension of the Shipbuilding Financial Assistance Scheme until