A major boost to India’s maritime ambitions! The Shipbuilding Project Credit Insurance Policy of ECGC Limited was launched today by the Hon’ble Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, during the 21st Maritime State Development Council Meeting 2026 in Mumbai, in presence of Shri Digambar Kamat, Minister for Captain of Ports of Goa; Shri Malladi Krishna Rao, Minister of Ports, Puducherry; Shri Kanubhai Mohanlal Desai, Minister of Finance, Gujarat; Shri Vijay Kumar, Secretary MoPSW; Shri. Mukesh Mangal, Additional Secretary, MoPSW; Shri Sristiraj Ambastha, Chairman-cum-Managing Director (CMD), ECGC; and Shri Paramdeep Lal Thakur, Executive Director (ED), ECGC. Designed to safeguard Indian shipbuilders against political and commercial non-payment risks at both pre-shipment and post-shipment stages, the policy reinforces financial security, strengthens export confidence, and propels India’s journey towards becoming a global shipbuilding powerhouse. Securing Shipbuilders. Empowering Exports. Building a Maritime Nation.