India, Sept. 24 -- New Delhi: The Union Cabinet on Wednesday approved a Rs 69,725 crore package to revitalise India's shipbuilding and reduce dependence on foreign ships as part of the government's plan to regain the country's maritime power.

According to an official statement, the package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote greenfield and brownfield shipyard development, enhance technical capabilities and skilling, and implement legal, taxation, and policy reforms to create a robust maritime infrastructure.

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