Union Budget 2025: Strengthening India’s Maritime Industry

Leo Peter Charles, Founder & Managing Director of Jane Solutions, acknowledges the Union Budget 2025’s strategic focus on shipbuilding as a transformative move for India’s maritime sector. The newly announced provisions aim to enhance domestic shipbuilding capabilities, optimizing supply chain efficiency and reducing reliance on foreign vessels. This initiative is expected to lower logistics costs, benefiting key industries such as fisheries and agri-exports by enabling faster, more cost-effective global trade. Additionally, bolstering shipbuilding will reinforce port infrastructure and coastal connectivity, positioning India as a more competitive player in international trade.