Overview
- New Rs 70,000 crore programme will scale domestic shipbuilding, back greenfield and brownfield yards, and expand maritime employment.
- Large vessels now qualify as infrastructure assets, a change expected to open cheaper financing channels for Indian shipbuilders.
- Government confirmed the Vadhavan mega port in Maharashtra at about Rs 76,000 crore to lift container capacity and network reach.
- Major ports posted record 2024–25 cargo with average vessel turnaround cut to 48 hours, and the Vizhinjam trans-shipment hub is operational after receiving the world’s largest container ship.
- CEO outreach produced fresh agreements: Drydocks World–Cochin Shipyard–Centre of Excellence to build skills, and DP World–Deendayal Port–Nevomo to pilot MagRail Booster cargo movement.