Union Budget 2026 Boosts India’s Maritime Sector and Inland Waterways
The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, emphasizes the development of India's maritime sector as a strategic enabler of trade competitiveness and logistics. One of the major announcements included a ₹10,000 crore Container Manufacturing Assistance Scheme aimed at establishing a competitive container manufacturing ecosystem in India. The scheme expects to create a significant number of jobs and reduce import dependency. The budget also proposes the development of 20 new National Waterways, expected to boost green logistics and the cost-effective cargo movement. Additionally, training institutes for skill development in waterways will be set up, aiming to support youth employment and capacity building within the sector.
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