News / India unveils ambitions to become 'a global leader in shipbuilding'

India is attempting to “play hardball” to become an alternative shipbuilding market, amid the trade diversification that has already yielded it some tangible gains on electronics manufacturing.

New Delhi’s latest federal budget, for fiscal year 2025-26, presented on Saturday, announced a host of measures to encourage investment in shipbuilding.

They include government approving a proposal to develop mega-shipbuilding clusters in the country, and earmarking some $700m to help existing yards enhance their infrastructure.

The government ...