Goal: position India among the top five shipbuilding nations by 2047.
Gujarat International Finance Tec-City serves as the launchpad for an integrated maritime financial ecosystem.
Key reforms: exemption from certain licensing for foreign vessels and permission for Indian companies to own foreign‑flag ships.
Funding: 25,000 crore rupee Maritime Development Fund and a 24,736 crore rupee Shipbuilding Financial Assistance Scheme extended to 2036.
Current landscape: 38 registered ship‑lessors leasing 43 vessels, 24 of which fly the Indian flag.
Bank involvement: 41 domestic and international banks have extended roughly 60 million U.S. dollars to ship‑leasing entities.
The government has introduced reforms, such as easing licensing for foreign vessels and allowing Indian firms to own foreign‑flag ships.
Financial support includes a 25,000‑crore‑rupee Maritime Development Fund and a shipbuilding assistance scheme worth over 24,000 crore rupees.
India already hosts 38 ship‑leasing companies, 41 banks providing about 60 million U.S. dollars in funding, and leads the world in ship recycling.
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