- India is targeting a 5% share of the global shipbuilding market by 2030, backed by policy reforms and international partnerships.
- Plans include developing 10 world-class shipyards and establishing a national container shipping line to reduce foreign reliance.
- Over 320% growth in inland waterway cargo movement since 2014 highlights progress in eco-friendly transport and cost efficiency.
- A new National Shipbuilding Policy will drive green innovations, skill development, and regulatory support through 2047.
India is setting its sights on becoming a global hub for sustainable shipbuilding, with policy reforms, advanced technologies, and industry-government collaboration driving the sector’s growth. Union Minister of State for Ports, Shipping and Waterways Shantanu Thakur said the government aims to capture 5% of the global shipbuilding market by 2030, supported by 10 world-class shipyards developed through public-private partnerships and international cooperation. His remarks came during the CII Conference in Goa on India’s Shipbuilding Roadmap towards Maritime Amrit Kal Vision 2047, as reported by Hindu Business Line.
Driving India’s Shipbuilding Vision
Addressing the conference, Minister Thakur highlighted that shipbuilding is more than an industry—it represents national strength and self-reliance. He underlined the government’s ambitious targets, including achieving a 5% global market share by 2030 and reducing reliance on foreign companies through the establishment of a national container shipping line. Plans also include boosting domestic ship production, developing green corridors, and ensuring 30% of India’s fleet runs on clean fuels like LNG, methanol, and hydrogen by 2047. Thakur noted significant progress in inland waterway cargo movement, which has grown by over 320% since 2014, contributing to reduced logistics costs and eco-friendly transport.
He also pointed to advancements in automation, digital twin technology, and green shipbuilding innovations, supported by startups and research initiatives. A National Shipbuilding Policy is being prepared to streamline regulations, provide tax incentives, and create a roadmap for growth through 2047. With strategic investments, skill development, and the expansion of multimodal logistics under PM Gati Shakti, India is working to transform its shipyards in Gujarat, Kerala, and Andhra Pradesh into globally competitive hubs.
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Source: Hindu Business Line
