CosmicTaco

India's Budget 2025: Boosting Shipbuilding Industry

CosmicTaco · 2025-02-02T10:33:06.746019+05:30

- The 2025 Budget aims to put India on the global shipbuilding map with a ₹25,000 crore Maritime Development Fund and infrastructure status for large ships. - Finance Minister Nirmala Sitharaman announced extended sops for shipbuilding and shipbreaking, including customs duty exemptions and tonnage tax benefits for inland vessels. - Goa's shipyards and barge operators welcome the budget, expecting increased investment and growth, though challenges remain for smaller vessels. Source: [The Economic Times](https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/budget-2025-shipping-gets-a-blast-of-wind-in-its-sails/articleshow/117841719.cms), [The Hindu](https://www.thehindu.com/business/budget/budget-seeks-to-give-fillip-to-shipbuilding/article69168992.ece), [The Times Of India](https://timesofindia.indiatimes.com/city/goa/prospects-of-demand-surge-buoy-shipbuilding-industry/articleshow/117841152.cms)

The 2025 Budget aims to put India on the global shipbuilding map with a ₹25,000 crore Maritime Development Fund and infrastructure status for large ships.
Finance Minister Nirmala Sitharaman announced extended sops for shipbuilding and shipbreaking, including customs duty exemptions and tonnage tax benefits for inland vessels.
Goa's shipyards and barge operators welcome the budget, expecting increased investment and growth, though challenges remain for smaller vessels.

Source: The Economic Times, The Hindu, The Times Of India