Mumbai, April 7 -- The Government of India has been actively promoting the domestic shipbuilding ecosystem through focused initiatives such as the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS). In line with these national initiatives, the proposed expansion at Falta represents a significant step toward strengthening India's shipbuilding and maritime manufacturing capabilities.

The total project cost for the brownfield expansion at Falta will be approximately Rs 610 crore. Under the Shipbuilding Development Scheme, the Government will extend capital assistance of around Rs 129 crore towards eligible plant and machinery, subject to compliance with the applicable scheme guidelines.

The expa...