Indian Government’s Budget Plan for Maritime Development and Green Ship Scheme
Indian government is set to unveil a maritime development fund to support shipbuilding firms in the upcoming Budget, aiming to boost the industry’s self-reliance. The proposed fund, estimated at Rs 15,000-20,000 crore over seven years, will provide affordable loans to shipbuilders. Additionally, a green ship scheme promoting hydrogen-based vessels to reduce pollution is also expected to be announced.