Large ships have been included in the Harmonized Master List of infrastructure sub-sectors, enabling access to long-term loans at competitive rates and promoting investment in ship ownership under the Indian flag.
Shipbuilding clusters will be facilitated with additional infrastructure, skilling and technology to expand capacity across categories of vessels.
A Maritime Development Fund with a corpus of ₹25,000 crore will be established for long-term financing of the maritime industry, with up to 49 per cent government contribution and the remainder mobilised from ports and the private sector.
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The Union Cabinet has approved the Shipbuilding Development Scheme to support capacity expansion through greenfield and brownfield projects while promoting technology upgrades and innovation.
The framework also includes credit risk coverage for the sector.
These steps indicate a financing-led approach to maritime infrastructure development.
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