Mumbai, May 2, 2025 — In a landmark move to reshape India’s maritime industry, the Maharashtra government has approved the Shipbuilding, Ship Repair and Ship Recycling Policy 2025, becoming the first Indian state to introduce a dedicated policy for this critical sector. With ambitious goals, significant financial backing, and a long-term vision, the policy is set to establish Maharashtra as a national and global leader in shipbuilding and maritime services.
A Bold Vision for 2047
The policy outlines Maharashtra’s aspiration to lead India’s shipbuilding, repair, and recycling efforts. By 2030, the state targets an investment influx of ₹6,600 crore and the creation of 40,000 jobs. The long-term outlook is even more ambitious: by 2047, the government envisions ₹18,000 crore in investment and 3.3 lakh new jobs across the maritime ecosystem.
Maharashtra aims to contribute at least one-third of India’s shipbuilding output by 2030, aligning itself with national objectives to position India as a global maritime powerhouse.
Building a Complete Maritime Ecosystem
The comprehensive policy framework includes plans to establish integrated maritime clusters, modern dry docks, and world-class support facilities. A key emphasis is on building a robust ecosystem through investments in Research and Development (R&D), technology upgrades, and a strong pipeline of skilled manpower.
Currently, India ranks 21st in shipbuilding and 20th in ship repair globally. However, in ship recycling, the country is already a global force, ranking second with a 32.6% share. Maharashtra plays a notable role with 11% of India’s shipbuilding capacity and 21% of its total production.
Driving Economic Growth and Sustainability
Beyond infrastructure and industrial growth, the policy highlights the economic and environmental benefits of domestic shipbuilding and recycling. Locally built and repaired ships are expected to boost India’s maritime trade, reduce dependence on imports, conserve foreign exchange, and enable material reuse from recycled vessels.
The policy promotes green recycling practices that align with international environmental standards, signaling Maharashtra’s commitment to sustainable industrial growth.
Financial Incentives and Investor Support
To attract private and foreign investors, the state is offering a capital subsidy of up to 15% of project costs. Additionally, educational institutions will receive up to ₹1 crore per project to promote skill development initiatives, ensuring a qualified workforce for the industry.
For R&D initiatives, financial assistance of up to ₹5 crore per project will be provided, encouraging innovation and the adoption of cutting-edge technologies.
Simplified Governance and Land Allocation
The Maharashtra Maritime Board (MMB) will spearhead planning and development, including land identification and transparent allocation through long-term leases (30 years, renewable). The state also promises streamlined approval processes and assured access to infrastructure such as water, electricity, and road connectivity.
The government has pledged support in securing all necessary permits and clearances to facilitate smooth setup and operations for maritime units.
A Strategic National Contribution
As India seeks to strengthen its maritime footprint under the Maritime India Vision 2047, Maharashtra’s policy sets a benchmark for other states to follow. By leveraging its 720 km coastline, strong industrial base, and forward-thinking governance, Maharashtra is positioning itself at the helm of India’s maritime future.
With this pioneering policy, the state not only aims to dominate domestic shipbuilding and repair but also to anchor India’s rise on the global maritime map.
