A worker pulls the chain to lift a propeller while he repairs a ship at a shipyard in North Jakarta, Indonesia, July 8, 2024. REUTERS/Ajeng Dinar Ulfiana
Budget
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CNBC TV1801-02-2026, 15:26

Union Budget 2026: FM announces ship repair ecosystem for inland waterways at Varanasi, Patna

  • Finance Minister Nirmala Sitharaman announced a ship repair ecosystem for inland waterways in Varanasi and Patna during the Union Budget 2026.
  • This initiative aims to enhance last-mile connectivity, promote tourism, and support the indigenization of seaplane manufacturing.
  • A Seaplane VGF Scheme will be introduced to provide operational support for seaplanes.
  • Nirmala Sitharaman presented her ninth consecutive Union Budget, becoming the longest-serving finance minister.
  • Prime Minister Narendra Modi hailed the budget as "historic," reflecting the aspirations of 140 crore Indians and charting a roadmap for Viksit Bharat.

Why It Matters: FM Sitharaman announced a ship repair ecosystem for inland waterways in Varanasi and Patna in Union Budget 2026.

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