In most of the developing countries, the performance indicators of industry clusters have outpaced the na-tion’s economic development indicators. Clusters as an instrument for economic growth is turning out to be an acceptable choice among policymakers globally. Establishment and execution of cluster policies can be classified in to different models based on approaches to the creation and promotion of clusters followed in different geographies. Potential constituents of a cluster need to be motivated to participate in more common action. Cluster policy is about consistently paving the way for environments that are encouraging to the dis-tinct businesses and organizations those are the key actors in cluster activities. There should be definitive benefits facilitated by the policy measures to encourage the constituent firms to participate in the cluster activities. The attempt was to facilitate policy makers by identifying the characteristics of cluster policies, which are fundamentally critical to be considered within many of the approaches being practiced, especially in the maritime industry.

Abstract
1. Introduction
2. Cluster: Definition
3. Cluster Policy
    3.1 Cluster Policies and cluster formation
    3.2. Regional Differences in Policy
    3.3. Regional Approaches to Cluster Policy
4. Policy for Maritime Clusters
5. Discussion
6. Conclusion
References

• Baiju Radhakrishnan(School of Business, University of Petroleum and Energy Studies)
• Totakura Bangar Raju(Dept. of Port & Shipping, School of Business, University of Petroleum and Energy Studies)
• Tarun Dhingra(ept. of Strategic Management, School of Business, University of Petroleum and Ener-gy Studies)