India, March 14 -- Under the Shipbuilding Financial Assistance Policy (SBFAP), a total of 288 contracts worth 19,748 crore, covering 456 vessels, have received in-principle

approval till date. The types of vessels covered include tugs, general cargo vessel, bulk carrier, oil tanker, crane pontoon, heavy deck cargo vessel, RO-RO pax vessel, crew boat, deck loading craft, coastal research vessel, modular pontoon, passenger catamaran, passenger cum motor cycle ferry, passenger ferry, landing craft, jack-up barge and self-elevating platform.As of now, total financial assistance amounting to 620.57 crore has been disbursed to 23 shipyards for the construction and delivery of 204 vessels. Additionally, Government of India in September 2025 app...