New Delhi, Nov. 3 -- The Centre is reworking the Sagarmala 2.0 initiative into a 10-year, Rs.75,000-crore programme aimed at developing India into a global maritime hub with world-class ports and shipbuilding infrastructure, two persons aware of the matter said.

The new edition will complement the government's Rs.70,000-crore maritime package announced in September for building infrastructure to attract investment in shipbuilding, repairs, and breaking. This initiative also promotes domestic ship ownership and enhances port infrastructure.

The new version of Sagarmala 2.0, which was announced in March, will prevent duplication and emphasize extending financial aid to state governments to develop inland waterways and coastal regions, the...