Shipbuilding Archives

India is all set to build new shipyards by 2030, with the aim of dominating the global shipbuilding market with a share of $100 billion. Moreover, these shipyards will play a crucial role in upgrading the current cargo capacity from 1.25 million tonnes to 3 million tonnes. Sarbananda Sonowal, the minister of Ports and Shipping, mentioned, “The immediate target is to have four Mega shipbuilding parks with two each on the East and West coast. Gujarat, Maharashtra, Odisha and Andhra Pradesh are showing positive signs.” He further states that “Shipbuilding parks will also lead to the development of ancillary units around it and create jobs.” How Will This Plan Impact The Development of the Country? The government will develop essential infrastructure, including improved connectivity for transporting materials and personnel, land allocation for shipbuilding, and provision of utilities like power and water. While the government handles these basic needs, private players will offer crucial equipment such as cranes, lifting and cutting machines, dry docks, and skilled labour for shipbuilding processes. Why in caps? The initiative also includes developing places of refuge along both coasts to assist distressed ships during maritime emergencies. Also read, India Towards Growth: Union Cabinet Approved New Scheme A new umbrella organisation will also be established to represent all maritime sector stakeholders, fostering collaboration and efficiency. An arbitration centre will be set up in Mumbai to handle maritime disputes, enhancing India's maritime law and dispute resolution capabilities.

Shipbuilding

India’s New Shipyards Eye 3M Tonnes Cargo Capacity!