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The Government of India has officially notified detailed guidelines for two shipbuilding initiatives, a combined outlay of over ₹44,700 crore. Released by the Ministry of Ports, Shipping and Waterways (MoPSW), the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS) aim to transform India into a global maritime powerhouse by reviving domestic yards and deepening industrial linkages.

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Govt notifies guidelines for ₹44,700 crore twin shipbuilding initiatives
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Govt notifies guidelines for ₹44,700 crore twin shipbuilding initiatives

Both schemes are set to remain valid until March 31, 2036, with an in-principle extension planned through 2047.

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