India is boosting indigenous shipbuilding to cut foreign reliance, save $75 billion annually, and become a maritime leader by 2047. Key initiatives include the ₹25,000 crore Maritime Development Fund, subsidies, recycling incentives, tax exemptions, and global collaborations. Focus areas are green ships, skilled workforce, infrastructure, and streamlined approvals.
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Picture Courtesy: INDIAN EXPRESS
India is boosting indigenous shipbuilding to reduce reliance on foreign vessels and strengthen maritime self-reliance.
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