In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1stApril, 2016 and 31st March, 2026.
The Financial assistance at the rate of 20% of the contractual price of a vessel, fair price, or actual payments received by the shipyard is payable after delivery of the vessel and as per the guidelines issued by the Ministry of Shipping.
The Cochin Shipyard Limited, a Central Public Sector Shipyard under the administrative control of Ministry of Shipping, is building a state of art ship repair facility on leased land from Cochin Port premises consisting of ship lift system of 130 metres length, 25 meters breadth and capacity of 6000 tons, costing Rs. 970 Crore.
The details of major ship-repairing facilities at present in the country, location-wise is as below:-
List of Major Ship-repair facilities
| S.No | Name of Shipyard | Location |
| On Western Coast | ||
| 1. | Cochin Shipyard Limited, under the administrative control of Ministry of Shipping | Kochi (Kerala) |
| 2. | Goa Shipyard Ltd., under the administrative control of Ministry of Defence | Goa |
| 3. | Reliance Defence and Engg. Limited (Formerly Pipavav Shipyard Ltd.) | Gujarat |
| 4. | Larsen & Toubro Shipbuilding Ltd. | Katupalli (TN) |
| 5. | ABG Shipyard Ltd. | Dahej (Gujarat) |
| 6. | Vijai Marine Services | Goa |
| 7. | MandoviDrydocks Ltd. | Goa |
| 8. | Dempo Shipbuilding Ltd. | Goa |
| 9. | Modest Infrastructure Ltd. | Ramsar (Gujarat) |
| 10. | Shoft Shipyard Pvt. Ltd. | Bharuch (Gujarat) |
| 11. | Tebma Shipyard Ltd. | Malpe (Karnataka) |
| 12. | TimbloDrydocks Ltd. | Goa |
| 13. | Alcock Ashdown (Gujarat) Limited, under the administrative control of State Government of Gujarat | Bhavnagar (Gujarat) |
| 14. | BharatiDefence& Infrastructure Ltd. | Mumbai |
| 15. | N.N. Shipbuilders & Engineers Pvt. Ltd. | Thane, Maharashtra |
| 16. | Waterways Shipyard Pvt. Ltd. | Goa |
| 17. | West Coast Shipyard Ltd. | Goa |
| 18. | Mazagon Dock Ltd., under the administrative control of Ministry of Defence | Mumbai, Presently MDL is not carrying out any ship-repairing work. |
| On Eastern Coast | ||
| 1. | Garden Reach Shipbuilders and Engineers Ltd., under the administrative control of Ministry of Defence | Kolkata |
| 2. | Hindustan Shipyard Ltd., under the administrative control of Ministry of Defence | Vishakhapatnam |
| 3. | Shalimar Works Ltd., under the administrative control of State Government of West Bengal | Kolkata |
| 4. | Titagargh Marine Ltd. | West Bengal |
| 5. | A.C. Roy & Co. | Kolkata |
| 6. | IL&FS Maritime Infrastructure Company Limited, | Chennai |
| 7. | Sembmarine Kakinada Ltd. | Kakinada, Andhra Pradesh |