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The Union Cabinet, led by Prime Minister Narendra Modi, has cleared a massive ₹69,725-crore package to transform India’s shipbuilding and maritime sector. Central to this initiative is the Shipbuilding Development Scheme, with an outlay of ₹19,989 crore, targeted at expanding domestic shipbuilding capacity to 4.5 million Gross Tonnage. Built on a four-pillar approach, the plan will boost domestic capacity, provide long-term financing, promote greenfield and brownfield shipyard development, enhance skilling and technical know-how, and introduce legal, taxation, and policy reforms. Information and Broadcasting Minister Ashwini Vaishnaw stated that this ambitious programme will create a robust maritime infrastructure and strengthen India’s global standing in shipbuilding. #AshwiniVaishnaw #Shipbuilding #MaritimeSector #IndiaDevelopment #EconomicGrowth #PolicyReforms #IndianEconomy #Infrastructure #MakeInIndia #GovernmentInitiative #JobCreation #EconomicBoost #IndustryReforms ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: / businesstoday twitter: / business_today Instagram: / business_today