Maharashtra has become the first Indian state to approve a dedicated and independent Shipbuilding, Ship Repair and Ship Recycling Policy. The goal is to make Maharashtra a leading hub for shipbuilding, ship repair, and ship recycling. The state targets an investment of ₹6,600 crore and 40,000 jobs by 2030. By 2047, the aim is to attract ₹18,000 crore in investments and create 3.3 lakh jobs. The policy supports research and development (R&D), modern technology, and skilled workforce. It aims to contribute one-third of India’s total shipbuilding output by 2030.
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