SHIPBUILDING CLUSTER
India woos South Korea, Cyprus to boost shipbuilding and maritime sector
Union Minister Sarbananda Sonowal engaged South Korean and Cypriot maritime leaders to enhance India's shipbuilding capabilities. Discussions focused on marine equipment manufacturing, shipbuilding investment, and sustainable technology initiatives. The Indian government is working to create a robust maritime ecosystem supporting green shipping and innovation. Partnerships with international companies are being explored to facilitate growth in maritime infrastructure and services.
Shipping ministry launches 2 credit risk insurance products for ship building industry
These policies include the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy for domestic projects. The central government will subsidize insurance premiums and support insurers for shipyard claims. This initiative aims to alleviate financial stress and ensure smooth operations for shipyards.
India's first port-based e-Methanol production facility to produce and supply green fuel to ships
A new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Port Authority and Assam Petro-Chemicals, aimed at enhancing cleaner shipping. The project is expected to create over 3,500 jobs and foster a green energy value chain in the region.
India's first port-based e-methanol production facility to produce and supply green fuel to ships
Phase I of the project will add 50 tonnes per day of capacity at an investment of Rs 1,200 crore, targeted for completion by January 2027, followed by Phase II, which will add a further 100 tonnes per day at an investment of Rs 1,100 crore, targeted for March 2027 — taking the total investment to Rs 2,300 crore.
In 2017, Japan tested a twin-turbine machine in the Kuroshio Current; the floating device later showed it could generate 100 kW from the Pacific’s “river”
Japan's innovative Kairyu turbine has achieved a significant milestone by effectively harnessing strong ocean currents to generate electricity. Unlike solar or wind, this solution promises reliable energy production. Prolonged testing has been dedicated to ensuring the system’s durability and its potential for commercial use. However, high installation and offshore construction expenses pose serious hurdles that researchers are now striving to overcome through cost and method enhancements.
Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard
Mazagon Dock Shipbuilders will invest Rs 15,000 crore in Andhra Pradesh over seven years. A new greenfield shipyard will be developed at Dugarajapatnam, creating many jobs. This project is part of Andhra Pradesh's proposed shipbuilding and port cluster. The state's report estimates the shipbuilding yard at Rs 29,254 crore. The shipbuilding cluster is being developed under the central government's scheme.
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Stocks in news: Infosys, Mazagon Dock, Fortis Healthcare, JSW Energy and Kalpataru Projects
On September 16, Indian markets experienced a careful resurgence, with the Nifty and Sensex both moving upwards. This rebound was fueled by increased investments in banking and prominent stocks following a steep drop the previous day. Key players like Infosys and Mazagon Dock are under scrutiny due to recent corporate events.
SK Hynix in talks with Intel about deal to make memory chips in the US for the first time, sources say
Under one potential scenario, SK Hynix would lease part of Intel's long-planned chipmaking facility in Ohio, they said. Under another scenario, it could form a venture with Intel and major cloud firms that are keen to lock in memory chip supplies, two of the people said.
MDL plans Rs 27,000 crore shipbuilding cluster at Dighi, eyes 90,000 jobs
Mazagon Dock Shipbuilders will invest Rs 27,000 crore for a new shipbuilding cluster. This project aims to create approximately 90,000 jobs and boost India's shipbuilding capacity. The Dighi facility will enable the construction of large commercial vessels and strengthen maritime capabilities. This initiative aligns with the Centre's Greenfield Shipbuilding Cluster Development Plan. The cluster will attract technology and investment, improving global maritime competitiveness.
Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen India’s ship repair industry
Drydocks World and Cochin Shipyard Limited have formed a joint venture. This partnership will operate and expand the International Ship Repair Facility in Cochin. The collaboration aims to enhance India's ship repair capabilities and create new opportunities. This venture combines global expertise with strong domestic experience. It will strengthen Cochin's position as a key maritime services hub.
Cochin Shipyard, DP World arm to develop and run Kochi ship repair facility
Cochin Shipyard Limited and Drydocks World will jointly operate the International Ship Repair Facility. This partnership aims to expand the facility to meet growing regional and global demand. The collaboration will create additional capacity for servicing a wider range of vessels. India aims to become a top shipbuilding nation by 2030 and 2047. This public-private partnership marks a significant step for India's ship repair sector.
AP woos Hyundai with readymade Kakinada port
Andhra Pradesh is seeking HD Hyundai Heavy Industries for a new shipbuilding cluster. The state offers the Kakinada port for this proposed $4 billion investment. HD Hyundai Heavy Industries previously signed an agreement with Tamil Nadu for a similar project. This initiative aligns with the Centre's Shipbuilding Financial Assistance Scheme. The scheme received approval in September 2025 for development.
Shipping ministry gives in-principle approvals for shipbuilding and repair clusters in Gujarat
Gujarat will soon establish a new shipbuilding cluster in Porbandar. A significant ship repair facility is also planned for Vadinar in the Gulf of Kutch. These projects aim to boost India's maritime infrastructure and capacity. The Vadinar facility will include a long jetty and two large floating dry docks. Both initiatives are part of the Shipbuilding Development Scheme.
In-principle nod to 2 maritime projects, including Rs 1,570 cr ship repair facility in Gujarat
Two strategic maritime projects in Gujarat have received in-principle approval from the shipping ministry. A Rs 1,570-crore ship repair facility will be built at Vadinar in the Gulf of Kutch. This facility will include a new jetty and floating dry docks for large vessels. A greenfield shipbuilding cluster is also planned for Porbandar district, aiming for significant capacity expansion.
Nods for Rs 30,000 crore shipbuilding cluster in Andhra Pradesh this month: Minister Sonowal
India plans a major shipbuilding cluster in Andhra Pradesh with ₹30,000 crore investment. This move aims to boost the Indian fleet size. Projects for West Bengal's waterways and ports are also set to accelerate. India has repatriated over 3,000 seafarers due to West Asia disruptions. Shipping services to alternate ports have significantly increased.
Andhra sanctions over Rs 500 cr to acquire 2,000 acres of land for port, ship building cluster
The Andhra Pradesh government has approved over 500 crore rupees for acquiring more than 2,000 acres of land. This land is for the Dugarajapatnam Green Field Port and Shipbuilding Cluster.
'Shipbuilding schemes set for FY27 rollout': Sarbananda Sonowal
The government will prioritize executing shipping schemes in 2026-27. Key goals include launching three shipbuilding schemes on time and accelerating five National Mega Shipbuilding Clusters. The ministry aims to add significant new capacity over the next three to five years. This focus will boost reliability and create jobs across the maritime sector.
VOC Port forms joint venture with Tamil Nadu govt to set up shipbuilding cluster at Tuticorin
V.O. Chidambaranar Port Authority has formed a special purpose vehicle for a mega shipbuilding cluster at Tuticorin. This joint venture with SIPCOT aims to boost India's commercial shipbuilding and repair capabilities. The initiative supports the Union Cabinet's scheme to expand domestic shipbuilding capacity and advance maritime infrastructure across the nation.
Govt rolls out Rs 44,700 crore shipbuilding push to boost domestic maritime industry
The Centre has unveiled operational guidelines for the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), valid until March 2036 with a possible extension to 2047.
Companies can avail all shipbuilding sops simultaneously
The government has approved a ₹70,000 crore package for shipping and maritime sectors. Companies can now avail incentives under all schemes simultaneously. The package includes a National Shipbuilding Mission and a Maritime Development Fund. The aim is to attract global shipbuilding giants to India. Several locations are being evaluated for shipbuilding clusters.
Cabinet gives nod to Rs 69,725 crore incentives for maritime sector
The Union Cabinet has approved Rs 69,725 crore for shipping and maritime development. This includes a maritime development fund and shipbuilding financial assistance. The cabinet also approved highway and railway line projects in Bihar. Railway employees will receive a productivity-linked bonus. These measures aim to boost domestic shipbuilding and attract significant investment.
Govt committed to positioning India as shipbuilding hub: Sahntanu Thakur
India aims to become a top shipbuilding hub by 2047, driving its blue economy through strategic initiatives and investments. Maharashtra is pioneering with its Shipbuilding, Ship Repair, and Ship Recycling Policy 2025, expecting significant investments and job creation. The nation is focused on green shipping and innovation, partnering with countries like Norway to achieve sustainable maritime growth.
Japanese shipping giant Mitsui OSK Liners in talks to build ships in India, aims to lead green shipping
Mitsui OSK Lines (MOL) is in discussions with the Indian government to construct ships in India, aiming to contribute to the nation's maritime expansion. MOL (India) has already re-registered 13 ships in India and plans to order medium-range ship tankers from Cochin Shipyard.
'Bharat Container Line will help derisk overseas trade'
India plans to launch Bharat Container Line to reduce reliance on foreign vessels and boost overseas trade. The initiative will start with 100 container vessels focusing on key trade routes. A ₹25,000 crore Maritime Development Fund will support shipbuilding and infrastructure development. The government aims to strengthen the domestic shipbuilding industry and enhance global trade reach.
Budget 2025: Shipping gets a blast of wind in its sails
India is set to boost its shipbuilding industry with the announcement of a ₹25,000-crore Maritime Development Fund and development of new shipbuilding clusters. Additionally, finance minister Nirmala Sitharaman has extended customs duty exemptions on shipbuilding materials and expanded the tonnage tax scheme to include inland vessels.
‘Strong support for India’s ports, shipping & logistics sectors’—Industry players laud Union Budget 2025
The government proposes to revamp the Shipbuilding Financial Assistance Policy and establish a Rs 25,000 crore Maritime Development Fund
Union Budget 2025: Indian shipping gets a budget bonanza
Union Budget 2025: The Budget 2025-26 has introduced incentives for domestic shipbuilding, recycling, and inland waterways. Finance Minister Nirmala Sitharaman announced measures like Shipbuilding Clusters, revamped financial assistance, and extended customs duty exemptions for these industries. The tonnage tax scheme will also be expanded to include inland vessels to promote water transport.
Rs 30,000 crore maritime development fund to help shipbuilding
India is launching a ₹30,000 crore Maritime Development Fund to bolster its shipbuilding industry and aims to lead the world in ship recycling by 2030. The government is also planning three mega shipbuilding clusters and extending financial assistance programs to support the industry's growth.
For a larger slice of global pie, India seeks anchor role to turn local shipbuilding tide
The government intended to propose a new shipbuilding policy to the cabinet, featuring a recycling credit note scheme and fixed subsidies over 10 years. The policy aimed to enhance the Indian shipbuilding sector by linking recycling benefits with domestic ship construction. The plan included creating maritime clusters in Andhra Pradesh, Gujarat, and Odisha.
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