Centre to triple Maritime Development Fund to ₹70,000 crore
The Centre is set to raise the Maritime Development Fund to ₹70,000 crore, 2.8 times the allocation announced in the FY26 Budget. This fund will support shipbuilding, repairs, shipping tonnage, and port infrastructure. It will follow a blended finance model with 49% concessional capital from the government, and 51% from commercial capital and global lenders, as well as sovereign funds.