Current Affairs - State - Discussion

Maharashtra has taken a pioneering step by becoming the first state in India to launch a standalone policy focused on shipbuilding, ship repair, and ship recycling. The initiative is designed to attract an investment of Rs 6,600 crore and generate 40,000 jobs by the year 2030. Key features of the policy include capital subsidies, skill development initiatives, and long-term land lease options, all aimed at transforming the state into a major maritime hub. This comprehensive approach demonstrates the state's commitment to strengthening its industrial base and contributing to India’s maritime economy.