The Ministry of Ports, Shipping and Waterways in India has undertaken various steps to enhance and modernize the shipbuilding sector in the country. These initiatives include policy amendments, the release of standard tug designs, and the revision of the Right of First Refusal hierarchy to promote indigenous shipbuilding. Additionally, the government has launched programs like the Green Tug Transition Programme and Harit Nauka guidelines to encourage the adoption of environmentally sustainable practices in shipbuilding. The recent budget speech in 2025 outlined further advancements in the sector, including revamping the Shipbuilding Financial Assistance Policy, setting up a Maritime Development Fund, and facilitating shipbuilding clusters for comprehensive industry development. Cochin Shipyard Limited has also engaged in collaborations with international parties to enhance design, shipbuilding, and skill development in the maritime industry. Furthermore, recent amendments to the Shipbuilding Financial Assistance Policy highlight a push towards green technologies, offering financial assistance for vessels powered by green fuels like hydrogen fuel cells and fully electric or hybrid propulsion systems. Overall, these efforts signify a positive outlook towards innovation, sustainability, and growth in India's shipbuilding sector.