Maritime Ship-Building Scheme Receives 12 Applications Seeking Incentives
India's Ship-Building Financial Assistance (SBFA) Scheme — launched in September 2025 — has received 12 applications seeking incentives. Indian shipyards qualify for 15-25% financial support per vessel to bridge the cost gap with foreign rivals. The scheme is part of India's drive to build a competitive domestic ship-building industry and reduce dependence on foreign vessels.
Key Facts & Details
9 points- 112 applications received under Ship-Building Financial Assistance Scheme
- 2Indian bidders eligible for 15-25% financial support per vessel
- 3Aim: bridge cost gap with foreign shipyards
- 4Scheme launched in September 2025
Deep Dive
- +India has about 28 shipyards including Cochin Shipyard Limited, Mazagon Dock Shipbuilders, Garden Reach Shipbuilders
- +India's share in global shipbuilding is less than 1% (China ~50%, South Korea ~30%, Japan ~15%)
- +Maritime India Vision 2030 targets share of top-10 shipbuilding nations
- +Sagarmala Programme (2015) is the flagship maritime programme
- +Major Ports of India: 12 (e.g. Mumbai, JNPT, Kolkata, Chennai, Visakhapatnam)
Exam Focus
Likely MCQ: How many Major Ports does India have? → Answer: 12
Related Topics
Exam Relevance & Angle
Shipping, ports, Sagarmala and Maritime India Vision are repeat questions for SSC, Banking and UPSC.
Target Exams
Background & Context
India's Ministry of Ports, Shipping and Waterways is headed by Sarbananda Sonowal. India has a coastline of 7,517 km and 12 Major Ports:
• West coast: Mumbai (JNPT), Mumbai Port, Mormugao, Cochin, New Mangalore, Kandla (Deendayal)
• East coast: Chennai, Ennore (Kamarajar), Tuticorin (V.O. Chidambaranar), Visakhapatnam, Paradip, Kolkata (Syama Prasad Mookerjee)
India's share in global shipbuilding is less than 1%, while China has ~50%, South Korea ~30% and Japan ~15%. To boost domestic shipbuilding, the government has launched:
• Sagarmala Programme (2015) — port-led development
• Maritime India Vision 2030
• Maritime Amrit Kaal Vision 2047
• Ship-Building Financial Assistance Scheme (September 2025)
Key shipyards: Cochin Shipyard Limited (CSL), Mazagon Dock Shipbuilders Limited (MDSL), Garden Reach Shipbuilders (GRSE), Goa Shipyard Limited (GSL), Hindustan Shipyard.
Related GK Concepts
Must KnowTest Yourself
1 / 3How many Major Ports does India have?
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