<h1>Government unveils USD5B island maritime and shipbuilding project, plus USD10B deep-draft port, INR10L crore investments pledged</h1> A senior Union minister announced that a government-backed infrastructure project on a strategic island, launched in 2021 with an estimated cost of USD 5 billion, is intended to markedly expand the country's maritime trade and shipbuilding capacity; related port projects include a separate USD 10 billion deep-draft port. Officials reported planned investment commitments across maritime sub-sectors amounting to over INR 10 lakh crore, 680 investment agreements, and projected job creation. The statements reflect political and policy commitments; implementation will implicate statutory approvals, land and environmental clearances, port and maritime regulatory compliance, and contractual and investment-security considerations.