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

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..