Shipbuilding and Maritime Initiatives Get Boost in 2026 Budget
The Union Budget for 2026 allocates ₹5,164.80 crore to the Ministry of Ports, Shipping, and Waterways, a significant rise from last year’s ₹3,470.58 crore. Key allocations include ₹1,000 crore for the Maritime Development Fund, ₹515 crore for the Shipbuilding Financial Assistance Scheme, and ₹250 crore for capacity development initiatives.

