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Maharashtra Approves India’s First Shipbuilding, Repair, and Recycling Policy 2025.

National | Dated: 05 May 2025

In April 2025, the Maharashtra State Cabinet, chaired by Chief Minister (CM) Devendra Fadnavis, approved the 'Shipbuilding, Ship Repair and Ship Recycling Policy 2025', making Maharashtra the first state in India to introduce a dedicated policy in the maritime manufacturing sector.

🎯 Key Highlights:

  • - This landmark initiative is in line with the Union Government's Maritime India Vision 2030 and Amrit Kaal Vision 2047, which aim to position India among the top five global shipbuilding nations by 2047.
  • - The policy emphasizes transforming Maharashtra into a maritime hub through key strategic investments and employment generation.
  • - It targets an investment of Rs 6,600 crore by 2030, aiming to create 40,000 jobs in the shipbuilding, repair, and recycling ecosystem.

💡 Other Important Facts:

  • (i) The policy offers attractive financial incentives to boost investment in the maritime sector. It includes a capital subsidy of 15% of the project cost, support of up to Rs 1 crore per project for skill development, and funding of up to Rs 25 crore for research and development (R&D) activities. These measures are designed to promote innovation, workforce training, and technological advancement in shipbuilding and allied industries.
  • (ii) To facilitate infrastructure development, the policy ensures concessional land allotment to eligible maritime projects on long-term leases of 30 years, with an option for renewal.
  • (iii) This provision aims to make land acquisition more accessible and affordable for industry players, thereby accelerating the establishment of shipyards, repair docks, and recycling facilities in Maharashtra.

📚 Test Your Knowledge:

Which Indian state recently approved the country’s first Shipbuilding, Repair, and Recycling Policy 2025?

Correct Answer: Maharashtra

🚀 Quick Recap:

About the Ministry of Ports, Shipping and Waterways (MoPSW)

  • Cabinet Minister: Sarbananda Sonowal
  • Headquarters: New Delhi