Govt to expand Maritime Development Fund to Rs 70k cr; eyes global...

Govt to expand Maritime Development Fund to Rs 70k cr; eyes global shipbuilding rank

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To boost maritime growth, the government is expanding the Maritime Development Fund to Rs 70,000 crore, supporting shipbuilding, port infrastructure, and shipping. The fund will use a blended finance model, combining government and commercial capital. India aims to become a top shipbuilding nation by 2047, requiring significant investment and infrastructure development.

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