Shipping and shipbuilding company stocks are expected to be in focus after sources indicated that the Union Cabinet may announce a ₹70,000 crore package for the sector in its meeting today.
According to sources, the proposal includes three major schemes:
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₹25,000 crore Shipbuilding Financial Assistance Scheme
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₹25,000 crore Maritime Development Fund
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₹20,000 crore Shipbuilding Development Scheme
The package aims to strengthen India’s shipping and maritime infrastructure, boost domestic shipbuilding capacity, and attract long-term investment into the sector.
If approved, this would mark the largest-ever policy support for India’s shipping industry. Analysts expect heightened investor activity in stocks of shipping, port, and shipbuilding companies once the announcement is formalized.
