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First-ever shipbuilding policy
May 6 , 2025
17 hrs 0 min
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- TN finance minister unveiled the state's first ‘maritime transport manufacturing policy 2025'.
- This policy aims to promote investment and innovation in ship and boat design, ship hull fabrication and ship engine production.
- The state aims to capture a sizable share of the pie in India's shipbuilding market, which is projected to cross $8 billion by 2033.
- Shipbuilding Industries will be established soon in Cuddalore and Tuticorin.
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