New Shipbuilding Scheme to Incentivize

08 Aug 2024 CW Team

The Indian government is set to introduce a new shipbuilding scheme designed to incentivize domestic shipyards through 2035. This initiative aims to bolster the country's shipbuilding sector by providing financial incentives and support, enhancing competitiveness and fostering growth within the industry.

The scheme is expected to offer various benefits to Indian shipyards, including subsidies, tax breaks, and other financial incentives. These measures are intended to reduce operational costs, encourage innovation, and improve the overall efficiency of shipbuilding processes. By strengthening the domestic shipbuilding capacity, the scheme aims to position India as a key player in the global maritime industry.

The introduction of this scheme aligns with the government's broader strategy to promote indigenous manufacturing and reduce dependency on foreign shipyards. It reflects a commitment to enhancing the capabilities of Indian shipyards and supporting their long-term growth and sustainability.

The new scheme will likely have a significant impact on the industry, leading to increased shipbuilding activity, job creation, and advancements in maritime technology. It also presents opportunities for shipyards to expand their operations and explore new markets.

Overall, the forthcoming shipbuilding scheme represents a strategic move to advance India's maritime sector, offering substantial incentives and support to domestic shipyards and reinforcing the country's position in the global shipbuilding arena.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..