Maharashtra targets shipyard hub status

The Maharashtra Government has approved a new policy to turn the Indian state into a major hub for shipbuilding, shiprepair and recycling. The Shipbuilding, Ship Repair, and Ship Recycling Policy 2025 includes capital subsidies, support for skills development and land at concessional rates or long-term leases.
Ports Minister Nitesh Rane said the policy reflects Maharashtra’s strategic maritime role. “The state Government has devised the Shipbuilding, Ship Repair, and Ship Recycling Policy, 2025. Given Maharashtra's strategic role in the maritime sector, a dedicated shipyard and recycling policy for the state is essential,” he said.
By 2030, Maharashtra aims to deliver at least one-third of India’s shipbuilding targets. The Government expects the policy to attract investment of INR 66 billion, equivalent to about EUR 7.3 billion, and create 40,000 jobs.
The policy supports planning-led development of shipyard clusters, identification of suitable land, and creation of supporting infrastructure such as roads, power and water. It offers a capital subsidy of 15% of project cost, up to INR 10 million per project for skills development and up to INR 50 million for research and development.
Authorities will also help companies secure permits and approvals and provide land through the Maharashtra Maritime Board on long-term leases of up to 30 years with renewal provisions.