February 19, 2026

Shipbuilding

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Shipbuilding push: Govt rolls out guidelines for two schemes with Rs 44,700 cr outlay; incentives target capacity, competitiveness

contact@dailyupdatesindia.com03 mins

The government has notified detailed guidelines for two major shipbuilding initiatives with a combined outlay of over Rs 44,700 crore, aimed at strengthening India’s domestic shipbuilding ecosystem and enhancing global competitiveness.The Ministry of Ports, Shipping and Waterways (MoPSW) said the two schemes — the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)…

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India-Russia maritime ties: Moscow proposes collaboration in shipbuilding and port infra; partnership to expand across Indo-Pacific

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Russia has moved to expand its maritime ties with India, putting forward fresh proposals in shipbuilding as the two countries look to expand cooperation across the Indo-Pacific and the wider Indian Ocean Region. The new push came during consultations in New Delhi on Monday between Nikolai Patrushev, a close aide of Russian President Vladimir Putin…

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US-South Korea tariff deal: Reduced duties, nuclear submarines, shipbuilding and more – What’s in the new agreement?

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South Korea and the US have reached an agreement, covering areas such as nuclear power, tariff concerns, AI and more.South Korean President Lee Jae Myung on Friday announced that the two nations have finalised a joint face sheet agreement on trade and security issues. The deal with bring down US import duties on South Korean…

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‘Maruti moment’: India aims Rs 70,000 crore package for domestic shipbuilding; reduce reliance on foreign vessels

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India is aiming for a “Maruti moment” in shipbuilding, seeking to replicate the success of Maruti Suzuki’s 1980s automobile revolution. The government announced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, boost India’s maritime ecosystem, and reduce the country’s heavy reliance on foreign vessels, which currently handle about 95% of its import-export trade….

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To join shipbuilding big league, govt to pump in Rs 70,000 crore | India News

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NEW DELHI: Aiming to position India among the global shipbuilding elite, the govt Wednesday approved an umbrella package involving nearly Rs 70,000 crore in investment in the maritime sector, currently dominated by China, South Korea and Japan. Shipping ministry officials said this marks the most significant reform in the sector since Independence.Announcing the decision, I&B…

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Big ‘Atmanirbhar Bharat’ push: Cabinet approves Rs 69,725 crore package for shipbuilding and maritime sector; top points

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The government has introduced the Shipbuilding Development Scheme (SbDS) with Rs.19,989 crore funding. (AI image) Prime Minister Narendra Modi-led Cabinet on Wednesday announced Rs 69,725 crore reforms in the shipbuilding and maritime development sector.The initiative aims to enhance India’s shipbuilding and maritime infrastructure. This strategic package incorporates four key elements focused on strengthening domestic capabilities,…

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Shipbuilding push: CSL plans Rs 15,000-cr shipyard in Tamil Nadu with Korean partner; 10,000 jobs expected in first phase

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Cochin Shipyard Ltd (CSL) is set to invest about Rs 15,000 crore in a greenfield shipyard in Tamil Nadu in partnership with HD Korea Shipbuilding & Offshore Engineering (HD KSOE), according to an official statement issued on Tuesday.The first phase of the project is expected to generate nearly 10,000 jobs–4,000 direct and 6,000 indirect– and…

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