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India: Package worth INR 69'725 crore announced to support India's shipbuilding sector

Description

On 24 September 2025, India's Union Cabinet of Ministers approved an extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until 31 March 2036 with a total budget of 20'736 crore (approx. ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Sep 2025

Revocation date

31 Mar 2036

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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