Chennai, March 4 -- The Tamil Nadu government on Monday unveiled its Shipbuilding Policy 2026, aiming to position the State as a leading hub for high-value, large ocean-going vessels, including Very Large Crude Carriers (VLCCs), in line with India's expanding maritime ambitions.
The policy, unveiled by Chief Minister M K Stalin in the presence of Industries Minister TRB Raaja at the State Secretariat, promises incentives to attract global shipyards,marine manufacturers, mega vessel projects.
Under the policy, shipyards involved in the construction, repair, and maintenance of maritime structures will be eligible for a Structured Package of Assistance if they commit a minimum investment of Rs.1,000 crore and generate at least 1,000 jobs.
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