The Union Cabinet today approved six proposals worth around 95,000 crore rupees. Briefing media after the cabinet meeting in New Delhi, Union Information and Broadcasting Minister Ashwini Vaishnaw said a comprehensive package of 69,725 crore rupees has been approved to revitalize India’s shipbuilding and maritime ecosystem. He 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

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