Sarbananda Sonowal: Rs 69,725 crore package to transform shipbuilding industry

Updated On: 25 July, 2026 01:11 PM IST | New Delhi | IANS

The government has also approved a Shipbuilding Development Scheme with Rs 19,989 crore to expand output capacity to 4.5 million gross tonnage

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Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal. File picture.

A comprehensive Rs 69,725 crore package has been approved to strengthen domestic shipbuilding capacity, maritime financing and skilling as part of measures to revamp India's shipbuilding industry, the government has said.

The package includes a Shipbuilding Financial Assistance Scheme with an outlay of Rs 24,736 crore to address cost disadvantages of Indian shipyards compared to global yards, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said in Lok Sabha.