Maharashtra becomes first state to introduce dedicated policy on ship building, repair and recycling
In a move to boost the maritime sector, the Maharashtra state cabinet on Tuesday approved the Shipbuilding, Ship Repair and Ship Recycling Policy, 2025, with a targeted investment of Rs 6,600 crore by 2030. Minister for Fisheries and Ports Nitesh Rane said that Maharashtra has become the first state in the country to introduce a dedicated, independent policy in this domain.
'The goal is to make Maharashtra a hub for shipbuilding, repair, and recycling. The policy aims to create a supportive ecosystem, develop skilled manpower, and promote advanced technology through R&D investment. By 2030, Maharashtra aims to contribute at least one-third of India's shipbuilding targets,' said Rane.
Under the policy, the state aims at an investment of Rs 6,600 crore and 40,000 jobs by 2030 and Rs 18,000 crore investment and 330,000 jobs by 2047.
Under the policy, planning-led development of shipbuilding and recycling, establishment of marine shipyard clusters, identification of suitable land, development of single shipyards and recycling facilities, supportive infrastructure (roads, power, water), transparent land allocation through the Maharashtra Maritime Board is planned. It offers capital subsidy of 15% of project cost, up to 1 crore for skill development per project, up to 25 crore for R&D support. The government will assist in obtaining permits and approvals and offer land at concessional rates or long-term leases (30 years with renewal provisions).
The minister said that at present, China contributes 50 per cent to global shipbuilding, while Japan and South Korea contribute 15 and 28 per cent respectively. India's share is around 1 per cent and it ranks 21st globally in shipbuilding while in ship repair, it ranks 20th. India, however, ranks second worldwide in ship recycling with share of 32.6 per cent.
'Ports and waterfronts will be optimally utilized. New Indian ships will be built and repaired within the state, increasing India's contribution to maritime trade, saving foreign exchange, and enabling recycling of decommissioned ships. The recovered steel and materials will also be reused. Financial incentives will encourage private and foreign investors to enter the sector. Skill development initiatives via educational institutions will ensure a pipeline of qualified manpower. Most importantly, the policy expresses confidence that Maharashtra will emerge as a leading state in shipbuilding and the broader maritime industry in the near future,' Rane said.
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