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

Posté

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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