Maharashtra Government approved, Shipbuilding, Ship Repair and Ship Recycling Policy, 2025, to boost maritime sector. With this, Maharashtra became the first state in India to adopt an independent, dedicated policy for the shipbuilding, ship repair, and recycling sector.
Key Highlights of Policy
- Name: Shipbuilding, Ship Repair and Ship Recycling Policy, 2025
- Targeted investment:
- ₹6,600 crore by 2030
- ₹18,000 crore by 2047
- Employment generation target:
- 40,000 jobs by 2030
- 3.3 lakh (330,000) jobs by 2047
- Background:
- Maharashtra’s only ship breaking yard at Darukhana, Mumbai was shut in 2015-16 due to pollution concerns.
Objectives of Policy
- Position Maharashtra as a hub for shipbuilding, repair, and recycling.
- Develop a supportive ecosystem including skilled manpower and advanced technology.
- Contribute at least one-third of India’s shipbuilding targets by 2030.
- Increase India’s share in global shipbuilding and ship repair markets.
- Enhance domestic shipbuilding to save foreign exchange and boost maritime trade.
- Promote the reuse of steel and materials from decommissioned ships.
Key Components
- Infrastructure Development:
- Marine shipyard clusters
- Single shipyards & recycling facilities
- Roads, power, water infrastructure
- Transparent land allocation via Maharashtra Maritime Board
- Land Policy:
- Concessional rates / 30-year leases (with renewal options)
- Financial Incentives:
- 15% capital subsidy on project cost
- Up to ₹1 crore per project for skill development
- Up to ₹25 crore for R&D support
- Assistance in obtaining permits & clearances
- Other Measures:
- Optimal use of ports & waterfronts
- Build and repair new Indian ships within the state
- Encourage private & foreign investment
- Establish skill development programs through educational institutions
Global Context: India’s Position
- Global shipbuilding share:
- China- 50%
- South Korea- 28%
- Japan- 15%
- India- ~1% (ranked 21st globally)
- Ship repair ranking: India- 20th globally
- Ship recycling: India ranks 2nd worldwide with 32.6% share
Significance for India
- Will help increase India’s competitiveness in the global shipbuilding and repair industry.
- Strengthen India’s existing leadership in ship recycling.
- Reduce import dependence and foreign exchange outflow.
- Generate significant employment and economic growth in Maharashtra.
- Promote sustainable use of marine resources and green recycling practices.