Maharashtra unveils dedicated policy for shipbuilding, repair, recycling; aims for one-third of the country’s target
The Maharashtra State Cabinet has approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025, with a targeted investment of Rs 6,600 crore by 2030, highlighted State Minister for Fisheries and Ports Mr Nitesh Rane. The goal is to make Maharashtra a hub for shipbuilding, repair and recycling. The policy aims to create a supportive ecosystem, develop skilled manpower, and promote advanced technology through R&D investment.
By 2030, Maharashtra aims to contribute at least one-third of India’s shipbuilding targets. Under the policy, the State is targeting an investment of Rs 6,600 crore and 40,000 jobs by 2030, and Rs 18,000 crore investment and 330,000 jobs by 2047. Planning-led development of shipbuilding and recycling, establishment of marine shipyard clusters, identification of suitable land, development of single shipyards and recycling facilities, supportive infrastructure (roads, power, water), and transparent land allocation through the Maharashtra Maritime Board are planned under the new policy, as per a report.
Source: Exim News Service: Mumbai, May 1