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The Gujarat Government has launched the Shipbuilding Policy 2026, a strategic initiative aimed at transforming the state into India's premier shipbuilding and ship repair hub. The policy seeks to attract investments exceeding Rs 27,000 crore, create a shipbuilding capacity of 50 lakh Deadweight Tonnage (DWT), and establish two world-class shipbuilding parks, reinforcing Gujarat's position in the country's maritime and logistics ecosystem.
The new policy comes at a time when India is intensifying efforts to strengthen domestic shipbuilding capabilities under the broader vision of developing a self-reliant maritime sector. With Gujarat already accounting for a significant share of India's ship recycling, ports and maritime trade, the state aims to leverage its extensive coastline, robust port infrastructure and industrial ecosystem to emerge as a global destination for shipbuilding.
A key highlight of the policy is the development of two integrated mega shipbuilding parks equipped with modern infrastructure and common facilities. These parks are expected to support the construction of commercial vessels, specialised ships and offshore structures while also promoting ancillary industries involved in marine equipment, engineering and component manufacturing.
To attract investors, the policy offers a range of financial incentives, including capital assistance, interest subsidies, skill development support and infrastructure incentives. The state government expects these measures to encourage both domestic and international companies to establish manufacturing facilities and expand operations in Gujarat.
Besides increasing industrial investment, the initiative is projected to generate substantial employment opportunities across shipbuilding, ship repair, marine engineering, logistics and allied sectors. The policy also places emphasis on developing a skilled workforce through dedicated training programmes, ensuring the availability of specialised talent required by the industry.
Industry experts believe the policy could significantly strengthen India's maritime manufacturing capabilities while reducing dependence on imported vessels. The expansion of shipbuilding infrastructure is also expected to improve coastal shipping, facilitate exports and enhance the efficiency of the country's logistics network.
The Shipbuilding Policy 2026 aligns with the Centre's vision of making India a global maritime powerhouse and complements ongoing investments in ports, coastal infrastructure and multimodal logistics. By creating an enabling ecosystem for shipbuilding and marine manufacturing, Gujarat is positioning itself to play a pivotal role in supporting India's long-term ambitions in global trade and supply chain development.
With substantial investments, infrastructure development and industry-friendly incentives, Gujarat's latest policy is expected to provide fresh momentum to the country's maritime economy while strengthening the state's leadership in the logistics and shipping sector.
𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
HMM India has formally launched its Gulf–India–East Africa (GIA) service, expanding direct maritime connectivity between India and key East African gateways as the carrier looks to tap growing trade opportunities. The launch was commemorated at an event in Mumbai on October 16, 2026, attended by maritime leaders, global executives and logistics industry stakeholders. The formal celebration followed the service’s inaugural vessel call, with MV HMM Cebu arriving at PSA Mumbai terminal in Nhava Sheva on September 27. Highlighting India’s growing importance in the carrier’s global strategy, Namhun Baik, Head of West Asia Trade Management at HMM Korea, thanked customers and industry partners for their continued support. “Thanks to customers and patrons, India’s role will be more important than ever, I believe. HMM is there to help in it,” he said. Baik said the GIA service reflects HMM’s continued commitment to customers across the region and its confidence in the potential of India’s expanding trade ecosystem. Daljoong Jeong, Managing Director of HMM India, underscored the importance of industry partnerships in driving the company’s growth. Calling the launch a significant milestone, he said the service would open new business opportunities for Indian exporters and importers, adding that HMM would continue to invest significantly in India. The event also brought together HMM’s international leadership, including Seunghyun Kim, Manager of West Asia Trade Management at HMM Korea, and Taehyung Kim, Managing Director of HMM’s Dubai Regional Headquarters. Both engaged with customers, shippers and logistics partners during the gathering. Presenting HMM’s operational journey in India, Nilesh Waghela, General Manager of Sales at HMM India, outlined the carrier’s established service loops, including CIX, FIL and FIM, while positioning GIA as an important addition to its service network. The GIA service follows a rotation connecting India with two major East African trade gateways: Nhava Sheva (JNPA) → Mundra → Dar es Salaam, Tanzania → Mombasa, Kenya → Nhava Sheva By linking India’s key container ports with Dar es Salaam and Mombasa, the service is intended to provide Indian exporters and importers with direct, dependable maritime connectivity to important East African markets. The launch reinforces HMM’s focus on expanding its regional network and strengthening trade links between India and East Africa, with the new service adding another connection for cargo moving between the markets.
The Mumbai Port Authority (MbPA) has invited domestic and international bids for developing the Viksit Bharat Mumbai Marina, a full-service marina and integrated waterfront project at Victoria Dock in Mumbai. Estimated to cost ₹922.67 crore, the project aims to strengthen maritime tourism, yacht services and waterfront infrastructure while creating new opportunities for port-linked commercial activities. The project will be implemented under the Design, Build, Finance, Operate and Transfer (DBFOT) model, with a concession period of 45 years. The proposed marina will cover a protected water area of 37.3 hectares and accommodate 604 yachts at full development, including 424 berths in the first phase. Mumbai Port Authority has already commenced marine works, including a piled breakwater with an approximately 150-metre approach trestle, six piled service platforms, floating pontoons and gangways for around 424 berths, along with capital dredging. Environmental and Coastal Regulation Zone (CRZ) clearances have also been secured for the entire project area. The selected concessionaire will develop the landside infrastructure, expand berthing capacity beyond the first phase, and operate and maintain the marina throughout the concession period before transferring the assets to the port authority. Planned facilities include a marina terminal building, an international-standard sailing school, a yacht club, a yacht repair yard at Haji Bunder, dry-stack storage and a fuel station. The development will also feature a five-star hotel, tourism business centre, food and beverage outlets, retail zones, and dedicated space for boat shows and events. The tender follows a single-stage, two-envelope electronic bidding process. Bidders will be evaluated on the percentage of gross revenue they propose to share with Mumbai Port Authority, with the highest revenue-share offer determining the preferred bidder. Companies can participate individually or as part of a consortium comprising up to four members. The deadline for pre-bid queries is 28 October 2026, with pre-bid meetings scheduled for 30 October and 25 November. The final date for submitting bids is 15 December 2026. The marina forms part of Mumbai Port Authority’s broader strategy to expand cruise tourism, harbour services and waterfront development, complementing initiatives such as the Mumbai International Cruise Terminal and the city's water taxi network. The project is expected to connect Mumbai’s maritime heritage with sailing, yacht services, hospitality and tourism while retaining port safety and operational requirements as key priorities. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Andhra Pradesh has invited bids for a proposed ₹1,700-crore inland waterway corridor connecting Muktyala with the upcoming Machilipatnam Port to strengthen industrial freight movement and port connectivity. The project aims to establish an alternative cargo transportation route for industries in the state, reduce dependence on road freight and improve the movement of bulk commodities. The Andhra Pradesh Inland Waterways Authority (APIWA) has initiated the tendering process for the development of the corridor under the Design, Build, Finance, Operate and Transfer (DBFOT) model through a public-private partnership (PPP). The proposed 168-km route will combine an 82-km stretch along the Krishna River between Muktyala and Prakasam Barrage with the Bandar Canal section leading towards Machilipatnam Port. The initiative has received in-principal approval from the Inland Waterways Authority of India (IWAI). The project envisages upgrading the existing waterway infrastructure to accommodate cargo vessels and facilitate the movement of industrial materials, including cement, limestone and fly ash, from manufacturing clusters around Jaggayyapeta. By linking inland industrial centres with port infrastructure, the corridor is expected to improve freight efficiency and offer businesses an additional mode of transport. The Bandar Canal stretch between Prakasam Barrage in Vijayawada and Machilipatnam Port will be developed to specified navigation standards. Plans include maintaining a minimum channel depth of 1.5 metres and a bottom width of 20 metres. A navigation lock measuring 70 metres in length and 15 metres in width will be constructed at Prakasam Barrage to facilitate vessel movement. The development will also involve replacing low-level bridges that obstruct navigation with high-level structures, relocating utility lines and establishing cargo and passenger terminals. Cargo-handling infrastructure, including cranes and conveyors, will support loading and unloading operations. The selected developer will execute the project through a concession arrangement spanning 50 years, structured as an initial 30-year term with two possible 10-year extensions. Construction is expected to be completed within 36 months of the award. APIWA will facilitate statutory clearances and provide support for land acquisition. According to the tender conditions, prospective bidders must meet specified financial and infrastructure-experience requirements. Online bids are due by November 30, 2026, while technical bids are scheduled to be opened on December 7. For Andhra Pradesh, the project represents an opportunity to diversify its freight network by integrating inland waterways with industrial production centres and maritime gateways. If implemented effectively, the corridor could help ease road congestion, improve bulk-cargo logistics and strengthen Machilipatnam Port’s role in the state’s expanding trade infrastructure. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
