https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Maharashtra Unveils Policy to Boost Shipbuilding, Repair and Recycling Sector

Ports Minister Mr. Nitesh Rane, while announcing the policy, emphasized the state’s coastal advantage and strategic importance in international maritime trade
Indian Masterminds Stories

The Maharashtra Government on Tuesday approved a comprehensive policy aimed at transforming the state into a leading hub for shipbuilding, repair, and recycling, while also creating a robust ecosystem to foster skilled manpower and technological advancement in the maritime sector.

Also Read: Madhya Pradesh Becomes First State to Launch Real-Time Forest Alert System

The state cabinet, during its meeting in Mumbai, cleared the Shipbuilding, Ship Repair, and Ship Recycling Policy, 2025, which includes several incentives such as capital subsidy, financial assistance for skill development, and land allotment at concessional rates or long-term leases for corporate entities willing to invest in maritime infrastructure.

Ports Minister Mr. Nitesh Rane, while announcing the policy, emphasized the state’s coastal advantage and strategic importance in international maritime trade. “India is surrounded by the sea on three sides. Given Maharashtra’s key role in the maritime sector, a dedicated policy for shipbuilding, repair, and recycling is essential,” he said.

Highlighting the long-term vision, Mr. Rane stated that the state aims to contribute at least one-third of India’s shipbuilding targets by 2030. The policy is expected to attract investments worth Rs. 6,600 crore and generate around 40,000 jobs by the end of the decade.

Key features of the policy include:

  • A capital subsidy of 15% of the project cost.
  • Financial support of up to Rs. 1 crore per project for skill development.
  • Up to Rs. 5 crore assistance for research and development (R&D).
  • Transparent land allocation through the Maharashtra Maritime Board.
  • Provision of supportive infrastructure such as roads, power, and water.
  • Availability of land at concessional rates or on long-term leases of 30 years with renewal provisions.
  • Government support in obtaining necessary permits and clearances.

The policy also promotes the development of marine shipyard clusters, identification of suitable land parcels, and encourages planning-led growth through the establishment of single shipyards and recycling units.

Mr. Rane underlined the government’s commitment to integrating advanced technology and fostering R&D, ensuring that Maharashtra becomes a self-reliant and globally competitive maritime hub.

Also Read: After 16 Years, Delhi Zoo Welcomes Four Asiatic Lion Cubs


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Gujarat tallest Govt tower
Surat to House India’s Tallest Government Administrative Building: Iconic Green Twin Towers to Redefine Urban Governance
NTPC
NTPC Ranked Among TIME’s World’s Best 1000 Companies 2025 for Sustainability, Growth, and Employee Excellence
CCF
Rajnath Singh Urges Armed Forces to Prepare for Unconventional Threats at Combined Commanders’ Conference 2025
Nitish Kumar
Bihar’s Rural Roads Get Rs. 20,000 Crore Makeover: Over 37,000 km Revamped Under CM’s Vision, East-Champaran Leads Progress
Bihar Industrial Growth
Bihar’s Industrial Growth Surges in 2023-24: Small Industries & Construction Drive 21.5% of GSDP, Industrial Infra Increases by 58%!
CM Yogi Adityanath
Uttar Pradesh to Establish Sant Kabir Textile Parks to Boost Exports & Traditional Weaving Clusters; CM Yogi Unveils Major Textile Infra Plan
Jharkhand Appointment Letter
Jharkhand CM Distributes Appointment Letters to Recruit 300 Assistant Professors, Launches Project-Based Learning for Classes 6–12
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
K M Abharna IFS Eco Warrior Awards 2025
Meet K. M. Abharna, the IFS Officer Behind Avni’s Case and Vidya Balan’s Sherni Role
ADVERTISEMENT
UPSC Stories
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
Social Media
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
Tamil Nadu Gaur Rescue
Tiruchirappalli Forest Officials Risk Lives to Rescue Juvenile Gaur; Video Shared by IAS Officer Goes Viral
Trichy forest and fire teams risk lives to rescue a juvenile Indian gaur; IAS officer Supriya Sahu shares...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Gujarat tallest Govt tower
Surat to House India’s Tallest Government Administrative Building: Iconic Green Twin Towers to Redefine Urban Governance
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr. S.K
IFS Uttam Kumar Sharma Interview
K M Abharna IFS Eco Warrior Awards 2025
ADVERTISEMENT
ADVERTISEMENT