The Union Cabinet today approved a comprehensive package of 69 thousand 725 crore rupees to revitalize India’s shipbuilding and maritime ecosystem. Briefing media in New Delhi, Union Information and Broadcasting Minister Ashwini Vaishnaw said, the package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing and promote greenfield and brownfield shipyard development. He said, it will also enhance technical capabilities and skilling and implement legal, taxation, and policy reforms to create a robust maritime infrastructure. The Minister said, under this package, the Shipbuilding Financial Assistance Scheme will be extended until 31 March 2036 with a total corpus of 24 thousand 736 crore rupees. Mr Vaishnaw said, the scheme aims to incentivi

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