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India is setting its sights on emerging as a major global shipbuilding hub by 2047. The government plans to lift the country's share in the global shipbuilding market, currently less than 1%, and position India among the top five maritime nations. This initiative involves establishing large-scale shipbuilding clusters in multiple states, upgrading infrastructure, and entering partnerships with international firms. Policy reforms and financial support through the Maritime Development Fund are key elements of the plan. The strategy is expected to create significant employment and strengthen India's role in global trade.
India is steadily advancing its goal of becoming a key player in the global shipbuilding industry by 2047. The government has set clear targets to raise India's market share from less than 1% to a position among the world's top five shipbuilding nations. Advertisement
To realize this, the government is developing mega shipbuilding clusters in states such as Andhra Pradesh, Tamil Nadu, and Gujarat. Land for these clusters has already been allocated, and they are intended to serve as centers of excellence to improve productivity, promote innovation, and increase efficiency in shipbuilding operations.
Alongside infrastructure development, India is entering strategic partnerships with international companies to strengthen domestic capabilities. For example, South Korea's HD Hyundai is close to partnering with Cochin Shipyard Limited (CSL) to manufacture large vessels domestically for intercontinental trade. This collaboration is expected to boost India's competitiveness and technical expertise in the global shipbuilding market.
The government has also introduced the Shipbuilding and Repair Policy 2025 to simplify procedures, encourage investments, and provide long-term support to the sector. The Maritime Development Fund has been significantly enhanced to aid the growth of shipyards, research initiatives, and related industries.
These initiatives are part of a wider vision under Maritime India Vision 2030 and Amrit Kaal Vision 2047, emphasizing sustainable development, technological progress, and increased integration with global trade networks. Past efforts to expand shipbuilding capabilities, including the modernization of existing shipyards and skill development programs, complement the current push toward making India a global hub.
Source: PTI
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