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Puducherry · updated 24 Oct, 01:00 IST

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Ministry of Ports, Shipping and Waterways

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Government launches shipbuilding insurance and sets 2027 deadline for port reforms

The Ministry of Ports, Shipping and Waterways announced on 13 October 2026 that the 21st Maritime State Development Council meeting in Mumbai has set new targets for maritime growth. The government launched two credit risk insurance products, the Shipbuilding Project Credit Risk Insurance Policy for export projects and the Business Credit Shield Policy–Shipbuilders for domestic projects, to protect shipyards from payment delays.

Read the explainer Press release 2322942Official release from pib.gov.in ↗
Source details
Issued by
Ministry of Ports, Shipping and Waterways
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
13 October 2026
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