In the budget 2025-26, Union Finance Minister Nirmala Sitharaman announced that ships of specified size would be inducted in the harmonised master list of infrastructure making them eligible for financial incentives. This will attract private investment in the shipbuilding industry and enhance fleet modernisation.
India’s collaboration with South Korea can prove to be a game-changer for the country, particularly to enhance skill level and modernising the outdated technology in Indian shipyards.
Turkey President Recep Tayyip Erdogan had broached the issue of Jammu and Kashmir at the United Nations General Assembly recently, taking an anti-India stand.
The Union government has officially notified 111 waterways in the country for the development of Inland water transportation as per The National Waterways Act, 2016.