Govt Launches Rs 700 Bn Plan to Boost Indian Shipbuilding and Ports

27 Sep 2025 CW Team

The Indian government is set to unveil a Rs 700 billion package to strengthen domestic shipbuilding, ship-breaking, and port-linked infrastructure, aiming to propel India into the top 10 global shipbuilding and ship-owning nations within five years, according to The Times of India.

Currently, India ranks 14th in both shipbuilding and ship ownership. The comprehensive programme is expected to generate twenty million direct and indirect jobs over the next five years while reducing reliance on foreign ships and safeguarding against potential supply chain disruptions.

The package will comprise four key components:

Shipbuilding Financial Assistance Scheme to support domestic shipbuilders.
Maritime Development Fund providing long-term, low-cost financing.
Development of greenfield shipbuilding clusters on land parcels in Odisha, Andhra Pradesh, Gujarat, and Tamil Nadu.
Expansion of existing shipbuilding and repair hubs.

Officials note that the programme draws lessons from maritime leaders like China and South Korea, leveraging government-backed financial support and cluster-based development to boost competitiveness.

Recently, an MoU was signed to develop mega shipbuilding clusters in Cuddalore and Thoothukudi, Tamil Nadu, with another cluster expected in Kandla, Gujarat. During his visit to Bhavnagar, PM Narendra Modi inaugurated projects worth over Rs 342 billion, including maritime initiatives valued at Rs 78.70 billion under the “Samudra se Samriddhi” programme.

The plan is expected to enhance India’s maritime infrastructure, foster industrial growth, and strengthen the nation’s position in the global shipbuilding industry.

News source: EQ

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..