India has intensified efforts to transform its shipbuilding industry into a global powerhouse as part of its Maritime India Vision 2030, with significant developments reported in the past three days. On August 2, 2025, the government reaffirmed its commitment by operationalizing the Rs 25,000 crore Maritime Development Fund to provide long-term capital for shipbuilding, port upgrades, and allied infrastructure. This policy includes up to 49% government equity and leverages contributions from major ports and private investors, aiming to generate Rs 1.5 lakh crore in investments and create up to 1.1 million jobs by 2030. Notably, new shipbuilding clusters are being established, augmented by large-scale tax exemptions on materials and the extension of credit schemes for shipyards. Recent international collaborations were cemented in June 2025, such as India’s agreements with Norway, Denmark, and Japan to co-develop green shipping infrastructure, Arctic-capable vessels, and smart ports. These measures, coupled with a push for digital port operations and sustainability, are designed to increase India’s share of global shipping tonnage, reduce its reliance on foreign carriers, and position it as a strategic maritime leader in the region.