India to enhance shipbuilding industry for self-reliant maritime future.

The Indian government is ramping up its shipbuilding and repair capabilities to achieve self-reliance in the maritime sector, according to Ministry of Ports, Shipping and Waterways Secretary TK Ramachandran. Despite advancements in port infrastructure, India’s global shipbuilding market share remains low. The Ministry’s focus on Aatmanirbharta aims to bolster the maritime industry, with a target of tapping into a USD 237 billion opportunity by 2047.

This initiative underscores India’s commitment to enhancing its maritime industry and reducing its dependence on imports for shipbuilding and repairs. By prioritizing self-sufficiency in this sector, India aims to strengthen its position as a key player in the global maritime market. The government’s efforts to boost shipbuilding align with its broader goal of fostering economic growth and creating more opportunities in the maritime industry for the country.

With a strategic focus on shipbuilding and repair capabilities, India is poised to carve out a more significant presence in the global maritime landscape. By investing in this sector and promoting self-reliance, India aims to not only boost its economy but also secure a competitive edge in the maritime industry on a global scale.

Source .