The Indian government has unveiled a transformative financial package worth approximately Rs700 billion to bolster the maritime sector, offering lucrative opportunities for Non-Resident Indians (NRIs) and global investors. This initiative, designed to address India’s minimal share in global shipbuilding output, focuses on four key areas: enhancing domestic capacity, improving long-term financing, promoting greenfield and brownfield shipyard development, and advancing technical capabilities and skilling. The package includes three major schemes: the Shipbuilding Assistance Scheme (Rs250 billion), the Maritime Development Fund (Rs250 billion), and the Shipbuilding Development Scheme (Rs200 billion). Collectively, these schemes aim to generate Rs4.5 trillion in investments, produce 2,500 vessels, and create a 4.5 million gross tonnage capacity, positioning India as a maritime self-reliant nation. Additionally, the initiative seeks to build resilient supply chains and reduce dependence on foreign ships. For NRIs like those in the UAE considering post-retirement ventures in India, this presents a promising opportunity to leverage their expertise in shipbuilding and related industries. Beyond maritime advancements, India has made significant strides in innovation, climbing from the 81st position in 2015 to the 38th in 2025 on the Global Innovation Index (GII). This growth is driven by robust ICT services exports, a vibrant venture capital landscape, and advancements in technology, including the development of semiconductors and 6G infrastructure. Furthermore, the Reserve Bank of India (RBI) is making progress in internationalizing the rupee, with plans to establish reference rates for cross-border trade transactions, starting with the Indonesian Rupiah and the UAE Dirham. These measures aim to enhance the rupee’s acceptability in global trade, though full implementation will require time and increased transaction volumes.