Tamil Nadu Chief Minister M.K. Stalin released the Tamil Nadu Shipbuilding Policy 2026, which seeks to build shipbuilding clusters and encourage the manufacture, repair and recycling of ships in the State.
- A Special Purpose Vehicle (SPV) will be formed under the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) to support the development of shipyards.
- Shipyards that invest at least ₹100 crore in green initiatives will receive a 50% subsidy, capped at ₹50 crore or 2% of the project cost.