New Delhi - Prime Minister Narendra Modi will launch a landmark initiative to revitalise India’s shipbuilding industry on September 20 from Bhavnagar, Gujarat, home to Alang — the world’s largest ship recycling yard. The move is part of India’s ambitious plan to become one of the top five shipbuilding nations by 2047.
The Prime Minister is expected to unveil a comprehensive ₹25,000 crore Maritime Development Fund (MDF), a revamped Ship Building Financial Assistance (SBFA) scheme, infrastructure status for large vessels, and a pioneering ship recycling credit note system designed to boost domestic shipbuilding and recycling . . .
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