India is aiming for a "Maruti moment" in shipbuilding, seeking to replicate the success of Maruti Suzuki ’s 1980s automobile revolution. The government announced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, boost India’s maritime ecosystem, and reduce the country’s heavy reliance on foreign vessels, which currently handle about 95% of its import-export trade. The plan includes a maritime development fund, a revamped shipbuilding assistance scheme, and incentives for South Korean and Japanese shipbuilders to establish operations in India, either independently or in partnership with local shipyards. The move aims not only to attract global investment but also to reduce India's dependence on foreign ships, and strengthen long-term maritime security.

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