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India Shipbuilding Timeline 2026: Global Maritime Race

India can build sophisticated warships like INS Vikrant but has not yet built a globally competitive commercial shipbuilding industry. The Rs 69,725-crore pack…

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RS 69,725-CR PACKAGE

Union Cabinet Approves the Rs 69,725-Crore Shipbuilding Package

Three components: the Rs 24,736-crore Shipbuilding Financial Assistance Scheme, the Rs 25,000-crore Maritime Development Fund, and a new Rs 19,989-crore Shipbuilding Dev…

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PORBANDAR CLUSTER

Porbandar Greenfield Shipbuilding Cluster Approved

A new ~2,000-acre greenfield cluster via SPV NSHIP-Gujarat, targeting 1.2-1.5 million gross tonnes of annual capacity. Approved mid-2026 - construction had not started a…

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HD HYUNDAI JV COLLAPSES

HD Hyundai Pulls Out of the Cochin Shipyard Equity Joint Venture

The originally planned ~$500-million, 50:50 equity joint venture for a Kochi block-fabrication facility was called off in 2026. What remains is non-equity technical coop…

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VADINAR REPAIR YARD

Rs 1,570-Crore Vadinar Ship-Repair Facility Cleared

Cochin Shipyard and Deendayal Port Authority's joint project: a 650-metre jetty and two floating dry docks for vessels up to 300 metres, cleared May 2026, targeting abou…

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SBFAS NOTIFIED

Shipbuilding Financial Assistance Scheme Guidelines Notified

A Rs 24,736-crore corpus offering 15-25% per-vessel assistance by category, contingent on a 30% minimum domestic-content floor, valid through March 2036, notified Decemb…

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MDL DELIVERS THREE WARSHIPS

Mazagon Dock Delivers a Frigate, a Destroyer and a Submarine in One Week

P-17A frigate INS Nilgiri, P-15B destroyer INS Surat, and Scorpene-class submarine INS Vaghsheer were all commissioned within days of each other in January 2025 - eviden…

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INS VIKRANT COMMISSIONED

INS Vikrant Is Commissioned

India's first indigenously built aircraft carrier, ~45,000 tonnes, commissioned September 2, 2022. About 76% indigenous by structural content - a significant share of fi…

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MAKE IN INDIA

Make in India Folds Shipbuilding Into National Industrial Policy

Shipbuilding was named a sector under Make in India, raising its political priority and setting up the financing schemes that followed a decade later - it did not create…

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COCHIN SHIPYARD FOUNDED

Cochin Shipyard Is Incorporated

Incorporated as a Government of India undertaking, beginning commercial operations in the mid-1970s - it would go on to build INS Vikrant and lead the Vadinar and HD Hyu…

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HINDUSTAN SHIPYARD NATIONAL…

Hindustan Shipyard's Origins

Originally founded 1941 by the Scindia Steam Navigation Company, delivered independent India's first domestically built ocean-going ship (Jala Usha) in 1948, nationalize…

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