shipbuilding
The Indian Cabinet has approved a comprehensive Rs.69,725 crore package aimed at revitalizing the shipbuilding and maritime sector through a four-pillar approach. This includes extending the Shipbuilding Financial Assistance Scheme until 2036, establishing a Maritime Development Fund, and implementing the Shipbuilding Development Scheme to enhance domestic capacity to
Cochin Shipyard
Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering to enhance India's shipbuilding capabilities. This partnership aims to utilize CSL's new dry dock for constructing large vessels and establish a Block Fabrication Facility in Kochi with a
Steel Industry
Union Minister of Commerce and Industry, Shri Piyush Goyal, addressed the ISA Steel Conclave, urging the steel industry to adopt self-reliance and reduce import dependence. He emphasized the importance of domestic production, ongoing Free Trade Agreements, and the potential of prefabricated steel structures and shipbuilding to drive growth. Goyal highlighted
green hydrogen
Union Minister Shri Sarbananda Sonowal inaugurated India's first port-based Green Hydrogen Pilot Project at V.O. Chidambaranar Port in Tamil Nadu, marking a significant step in the country's clean energy transition. The project, costing ₹3.87 crore, will generate green hydrogen for streetlights and EV charging
shipbuilding
The Ministry of Ports, Shipping and Waterways has announced various initiatives to modernize India's shipbuilding sector, including revised financial assistance policies, the introduction of green technologies, and the establishment of new shipbuilding infrastructure. Key measures include the Green Tug Transition Programme, updated Right of First Refusal guidelines to
shipbuilding
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,
India
Prime Minister Narendra Modi shared an article discussing the transformation of India's ports into global commerce hubs. The article emphasizes the roles of expansion, mechanisation, digitisation, and improved Ease of Doing Business. Modi highlighted the collaboration between major shipbuilding companies and Indian firms, which is expected to create
Indian Navy
The keel laying ceremony for the third Fleet Support Ship (FSS) of the Indian Navy took place at L&T Shipyard, Kattupalli on July 9, 2025. The Indian Navy has contracted HSL for five FSS, with deliveries starting in mid-2027. The ships will enhance the Navy's '
Udaygiri
The Indian Navy received the Udaygiri, the second ship of Project 17A, on July 1, 2025. Built at Mazagon Dock Shipbuilders Limited, Udaygiri features advanced stealth capabilities and state-of-the-art weaponry, marking a significant upgrade from the previous P17 class. The project emphasizes self-reliance in shipbuilding, generating employment for over 14,
Maritime Industry
At the Nor-Shipping event in Oslo, Indian maritime companies, led by Union Minister Sarbananda Sonowal, signed multiple Memoranda of Understanding (MoUs) with global firms, including Germany's Carsten Rehder and Norway's DNV. The agreements focus on shipbuilding, green technology, and sustainable maritime practices, enhancing India's
India
Union Minister Sarbananda Sonowal and Japan’s Vice Minister Terada Yoshimichi held bilateral talks in Oslo, focusing on enhancing cooperation in shipbuilding, ports, smart islands, and maritime training. The discussions aimed at fostering sustainable maritime practices and increasing investment opportunities, particularly in shipbuilding and port digitization. Both nations expressed commitment