New Delhi, Aug. 24 -- The government is set to unveil a Rs.70,000-crore financial package to attract investments in ship-building and repairs and also to promote domestic shipbuilding and enhancing port infrastructure, two persons aware of the matter said. The Union cabinet could clear the plan as early as mid-September.

The upcoming package would include Rs.20,000 crore funds for developing and operationalizing a shipping cluster programme, Rs.20,000 crore for a new Ship Building Financial Assistance (SBFA) programme and Rs.25,000- 30,000 crore for operationalizing the Maritime Development Fund (MDF).

A policy note on the three schemes for the shipping and ports sector has been finalized after several rounds of meetings between the fin...