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    <title>Govt approves policy to make Maharashtra shipbuilding hub, create 40,000 jobs by 2030</title>
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    <description>The Shipbuilding, Ship Repair, and Ship Recycling Policy, 2025 establishes a planning-led framework to develop shipyards, recycling facilities, and marine clusters with supportive infrastructure. It provides operative incentives including a capital subsidy proportionate to project cost, project-level skill development grants, capped R&amp;D support, concessional land allocation or long-term leases through the Maharashtra Maritime Board, and administrative assistance for permits and approvals to attract investment and build skilled manpower.</description>
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