India’s Initiative to Modernize Shipbuilding Yards and Attract Investment
The Ministry of Ports, Shipping, and Waterways in India is pushing a $2-3 billion policy to modernize shipbuilding yards. Major players like MSC are interested. Shipbuilding yards are crucial for constructing new ships. MSC is considering setting up a yard in Gujarat due to China’s capacity constraints. Efforts include capacity expansion, technology upgrades, and partnerships.