Maritime India Vision, 2030 has set a target to elevate India’s global ranking in shipbuilding in top 10 and the vision as per the Maritime Amrit Kaal Vision, 2047 is to reach within top 5 positions. The steps taken by the Ministry for developing/enhancement of shipbuilding infrastructure and creating all allied facilities in the country are as under:
- Ministry has amended the Shipbuilding Financial Assistance Policy (SBFAP) guidelines on 29.01.2025 to encourage more participation in the shipbuilding activities.
- The Government, in November, 2021, has released Standard Tug Designs of five variants for use by Major Ports for procurement of tugs to be built in Indian Shipyards.
- To promote indigenous shipbuilding, the Ministry of Ports, Shipping and Waterways on 20.09.2023 has revised the hierarchy of Right of First Refusal.
