India charts ambitious course with ₹1.5 Lakh crore coastal shipbuilding investment

India to Develop Major Shipbuilding Clusters Across Five Coastal States to Boost Maritime Industry

India plans to establish shipbuilding clusters across 15,000 acres in five coastal states: Odisha, Andhra Pradesh, Tamil Nadu, Gujarat, and Maharashtra. Maharashtra will host approximately 40% of this land. The initiative aims to build a strong domestic shipbuilding industry, with investments expected to reach ₹1.5 lakh crore.

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India to Develop Shipbuilding Clusters and Boost Maritime Capacity by 2028

India is planning to establish shipbuilding and ship repair clusters in five states to enhance its maritime capabilities. The country aims to achieve a container handling capacity of 40 million TEUs by 2028, creating significant job opportunities. Minister Sarbananda Sonowal highlighted key initiatives in the industry, focusing on the strategic importance of shipbuilding and repair.

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