Maharashtra Approves Shipbuilding Policy to Boost Maritime Sector

20 May 2025 CW Team

This move is expected to attract fresh investments, generate employment, and contribute to foreign exchange savings by reducing reliance on overseas shipyards. The policy aligns with the central government’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, with Maharashtra targeting a one-third share of national efforts in shipbuilding and related services.

Maharashtra’s strategic coastal position offers strong potential for developing new shipyards, servicing ageing vessels, and facilitating organised ship recycling. While the Maharashtra Maritime Development Policy 2023 governs the state’s minor ports, the new policy addresses the shipbuilding ecosystem specifically.

According to the GR, the government will actively encourage private sector participation in three formats:

37. Maritime shipyard clusters, which will house multiple shipyards to drive efficiency and collaboration;

38. Standalone shipyards, enabling individual operators to offer niche services; and

39. Shipyard projects integrated with ports to improve logistical synergies.

The policy also outlines a series of financial incentives:

40. Capital subsidies of 15 per cent of the project cost will be granted to private entrepreneurs in four equal tranches, released at each 25 per cent project completion milestone and post-commissioning.

41. Entities establishing skill development centres for shipbuilding, repair, or recycling will be eligible for assistance up to 60 per cent of the cost or Rs 50 million, whichever is lower.

42. An annual grant of 50 per cent of the cost or Rs 10 million will be provided for employee training and upskilling.

43. Developers setting up shipbuilding or recycling infrastructure will receive up to 60 per cent of the project cost or Rs 50 million as capital assistance.

The government believes this policy will help scale up cargo handling capacity, strengthen India’s maritime manufacturing base, and create a skilled talent pool within the state. With these measures, Maharashtra is positioning itself as a key maritime hub on the western coast, fostering innovation, industrial growth, and long-term economic resilience.

The Maharashtra government has approved a new shipbuilding policy to bolster the state’s maritime infrastructure and promote ship repair and recycling industries. The Maharashtra Shipbuilding, Ship Repair, and Ship Recycling Facility Development Policy 2025 was cleared in the latest cabinet meeting, with a Government Resolution (GR) issued on Friday.This move is expected to attract fresh investments, generate employment, and contribute to foreign exchange savings by reducing reliance on overseas shipyards. The policy aligns with the central government’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047, with Maharashtra targeting a one-third share of national efforts in shipbuilding and related services.Maharashtra’s strategic coastal position offers strong potential for developing new shipyards, servicing ageing vessels, and facilitating organised ship recycling. While the Maharashtra Maritime Development Policy 2023 governs the state’s minor ports, the new policy addresses the shipbuilding ecosystem specifically.According to the GR, the government will actively encourage private sector participation in three formats:37. Maritime shipyard clusters, which will house multiple shipyards to drive efficiency and collaboration;38. Standalone shipyards, enabling individual operators to offer niche services; and39. Shipyard projects integrated with ports to improve logistical synergies.The policy also outlines a series of financial incentives:40. Capital subsidies of 15 per cent of the project cost will be granted to private entrepreneurs in four equal tranches, released at each 25 per cent project completion milestone and post-commissioning.41. Entities establishing skill development centres for shipbuilding, repair, or recycling will be eligible for assistance up to 60 per cent of the cost or Rs 50 million, whichever is lower.42. An annual grant of 50 per cent of the cost or Rs 10 million will be provided for employee training and upskilling.43. Developers setting up shipbuilding or recycling infrastructure will receive up to 60 per cent of the project cost or Rs 50 million as capital assistance.The government believes this policy will help scale up cargo handling capacity, strengthen India’s maritime manufacturing base, and create a skilled talent pool within the state. With these measures, Maharashtra is positioning itself as a key maritime hub on the western coast, fostering innovation, industrial growth, and long-term economic resilience.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..