AK News Exploring tax, policy measures to strengthen maritime sector: Sarbananda Sonowal

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Exploring tax, policy measures to strengthen maritime sector: Sarbananda Sonowal

Published on: Sept. 30, 2025, 12:10 a.m. | Source: The Economic Times

The government actively explores tax and policy changes for India's maritime sector. A ₹70,000 crore plan will transform shipbuilding into a global powerhouse. This initiative aims to increase Indian-owned vessels for cargo transport. It seeks to attract international firms and technology transfer. Port capacity will also expand significantly by 2030.

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