Centre Notifies Rs 447 Bn Shipbuilding Support Guidelines

29 Dec 2025 CW Team

Speaking on the occasion, Union Minister Sarbananda Sonowal said the initiatives mark a decisive policy reset for India’s shipbuilding sector, enabling large-scale investment, strengthening Make in India linkages and positioning the country as a major maritime nation under the Viksit Bharat and Atmanirbhar Bharat vision.

Under SBFAS, with a corpus of Rs 247.36 billion, the government will provide financial assistance of 15–25 per cent per vessel, depending on category. The scheme covers small, large and specialised vessels, with milestone-linked disbursements, incentives for series orders and mandatory independent valuation. It also provides for a National Shipbuilding Mission and introduces a Shipbreaking Credit Note, offering shipowners 40 per cent of scrap value as credit when vessels are recycled at Indian yards.

Over the next decade, SBFAS is expected to support shipbuilding projects worth around Rs 960 billion, stimulating domestic manufacturing and employment across the maritime value chain.

The SbDS, with a budgetary outlay of Rs 199.89 billion, focuses on long-term capacity creation through greenfield shipbuilding clusters, modernisation of existing shipyards and the establishment of an India Ship Technology Centre at the Indian Maritime University. The scheme also includes a Credit Risk Coverage Framework to improve project bankability.

According to the ministry, these measures are expected to raise India’s commercial shipbuilding capacity to about 4.5 million gross tonnage per annum by 2047, strengthening maritime security, employment and economic resilience.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Centre has recently notified the operational guidelines for two major shipbuilding initiatives—the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)—with a combined outlay of Rs 447 billion to strengthen India’s domestic shipbuilding capacity and global competitiveness. The guidelines, issued by the Ministry of Ports, Shipping and Waterways, establish a transparent and accountable framework for implementation. Speaking on the occasion, Union Minister Sarbananda Sonowal said the initiatives mark a decisive policy reset for India’s shipbuilding sector, enabling large-scale investment, strengthening Make in India linkages and positioning the country as a major maritime nation under the Viksit Bharat and Atmanirbhar Bharat vision. Under SBFAS, with a corpus of Rs 247.36 billion, the government will provide financial assistance of 15–25 per cent per vessel, depending on category. The scheme covers small, large and specialised vessels, with milestone-linked disbursements, incentives for series orders and mandatory independent valuation. It also provides for a National Shipbuilding Mission and introduces a Shipbreaking Credit Note, offering shipowners 40 per cent of scrap value as credit when vessels are recycled at Indian yards. Over the next decade, SBFAS is expected to support shipbuilding projects worth around Rs 960 billion, stimulating domestic manufacturing and employment across the maritime value chain. The SbDS, with a budgetary outlay of Rs 199.89 billion, focuses on long-term capacity creation through greenfield shipbuilding clusters, modernisation of existing shipyards and the establishment of an India Ship Technology Centre at the Indian Maritime University. The scheme also includes a Credit Risk Coverage Framework to improve project bankability. According to the ministry, these measures are expected to raise India’s commercial shipbuilding capacity to about 4.5 million gross tonnage per annum by 2047, strengthening maritime security, employment and economic resilience.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..